Baidoa, Somalia — Former Navy SEAL and founder of the now defunct private security company Blackwater, who holds the title of CEO for the Hong Kong based private equity firm Frontier Services Group (FSG), Erik Prince, just signed a lucrative contract deal with South-West State within the highly contested, conflict-ridden region of southern Somalia.
Prince and his FSG are no strangers to investing in Africa or providing ‘security solutions’ to the continent either, after negotiations with the of the South West State of Somalia’s President Sharif Hassan Sheikh Aden. FSG was given the contract of providing logistical support to the Somali South West State’s Administration council’s Free Zone Investment Authority (FZIA), which is designed to attract foreign investments into the southern Somalia region with the intent on creating jobs, reanimate the flaccid economy, and inject wealth and prosperity back into the war-torn south. All of which will need Prince’s trademark “advanced protective services” to keep his Chinese and possibly United Arab Emirates (UAE) investors money secure.
or Log In