Somalia has officially launched its first-ever securities exchange, the National Securities Exchange of Somalia (NSES), in Mogadishu.
The exchange, expected to begin trading early next year, will focus on listing companies in key sectors including telecommunications, banking, real estate, and energy—with the goal of attracting investment and driving long-term economic growth.
Initially operating as a private, self-regulatory organization, NSES will work closely with public institutions to uphold market transparency and investor confidence. Yasin M. Ibar has been appointed as the exchange’s inaugural CEO and spokesperson.
The platform is designed to offer capital-raising avenues for Somali businesses, while also granting domestic and international investors structured access to the country’s growing economy.
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NSES plans to introduce Sharia-compliant Sukuk, backed by the government, to help fund infrastructure and development projects, as part of its financial instruments.
To support its rollout, NSES will launch investor education programs and international roadshows targeting the Somali diaspora in the United States, United Kingdom, Turkey, Norway, and Kenya—key regions with strong Somali business communities.
The initiative has received backing from the Central Bank of Somalia, which has pledged technical support and policy coordination to help nurture the emerging capital market.
NSES is now a member of the East African Stock Exchanges Association and is seeking to enable cross-listings with regional markets in Kenya, Uganda, Rwanda, and Tanzania, further integrating Somalia into East Africa’s financial ecosystem.
