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East Africa: Somali’s pirate money funding of property boom disputed

Posted on 17 August 2011

A Canadian journalist’s daring on-the-scene account of Somali pirates’ operations challenges several presumptions, including conjecture that booty from the marauders’ hostage-takings is being used to fuel a property boom in Nairobi.
Irrespective of whether pirates are hiding out in Eastleigh, writes Jay Bahadur, author of The Pirates of Somalia: Inside Their Hidden World, a rough calculation is sufficient to dismiss the notion that piracy has had anything to do with the skyrocketing demand for Nairobi land……………………………………….Full Article: Source


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