The National Stock Exchange of Somalia (NSES) has been officially launched in Mogadishu. According to Ecofin, which cited the NSES CEO Yasin Ibar, the initial listings, focusing on telecommunications, energy, and finance, are anticipated in 2026.
"The National Stock Exchange of Somalia will enable businesses to access capital, allow investors to support Somalia's growth, and facilitate the integration of our economy into regional and global markets," stated Ibar.
Initially, the NSES will operate as a private self-regulating entity but will closely collaborate with government bodies, especially the Ministry of Finance. A specific legal framework for securities is currently being developed to regulate the exchange's activities.
As a member of the East African Stock Exchanges Association, NSES also aims to establish partnerships with Kenya, Rwanda, Tanzania, and Uganda's financial hubs, enhancing Somalia's integration into regional financial markets.
Earlier this year, Ethiopia launched its own stock exchange (ESX), initially aiming to attract $11 million from the private sector, including local financial service companies.
The Egyptian Exchange (EGX), founded in 1883, is the oldest stock exchange in Africa. Other longtime continental exchanges include the Casablanca Stock Exchange in Morocco, established in 1929, and the Nairobi Securities Exchange in Kenya, founded in 1954.
Alina Makeyeva
