In a symbolic move that underscores the nation’s commitment to financial reform and economic inclusion, Somalia launches its national stock exchange for the first time in its modern history. For a country striving to overcome decades of conflict and economic isolation, the launch of the National Securities Exchange of Somalia (NSES) in Mogadishu on June 19, 2025, marks a watershed moment.
The NSES ushers in a new era, standing in contrast to the older Somali Stock Exchange (SSE), which has operated informally since 2015. As Somalia’s first official, fully regulated stock market, the NSES follows international standards and best practices by design. Supported by the Ministry of Finance and the Central Bank of Somalia, this privately operated yet government-backed initiative aims to establish a reliable, transparent, and efficient financial marketplace.
An Avenue for Growth and Confidence
The exchange, which will offer a combination of equity listings and sukuk (Islamic bonds), is set to begin formal trading in early 2026. Initially, it will focus on priority sectors such as banking, energy, real estate, and telecommunications. It will also assist the government in raising capital through infrastructure-focused Islamic bonds.
In addition to helping Somali businesses access funding, this financial structure is expected to provide residents—particularly members of the Somali diaspora—with safe and modern avenues for investment. “This is more than just a market. It’s a chance to connect Somali businesses to global capital,” said Yasin Ibar, the new CEO of the exchange.
Building Trust in Vulnerable Systems
Launching a stock exchange in a fragile economy, however, comes with its own set of challenges. Somalia is still developing its regulatory frameworks, and financial institutions are gradually rebuilding public trust. For this reason, the exchange is working closely with government agencies to develop a strong legal and compliance framework. To ensure that the market operates with accountability, transparency, and credibility, the Central Bank has pledged technical support.
To broaden participation, the NSES will also lead financial literacy campaigns aimed at increasing awareness and engagement—especially among the Somali diaspora in the US, UK, Norway, Kenya, and Turkey. These initiatives are vital to enabling more people to engage with the exchange and to view it as a reliable long-term investment platform.
Somalia Joins the Regional Conversation
Another significant milestone is Somalia’s recent admission into the East African Securities Exchanges Association (EASEA). This development opens the door to cross-border listings, knowledge sharing, and eventually foreign portfolio investments by linking the NSES with established exchanges in Kenya, Uganda, Rwanda, and Tanzania.
As a result, Somalia is not only enhancing its domestic investment climate but also expanding its regional presence. Beyond signaling confidence to international investors, this move demonstrates the country’s growing political will to integrate fully into the East African financial ecosystem.
A New Chapter Begins
Somalia is rewriting its financial future as it introduces national stock exchange systems for the first time. The NSES stands for promise, opportunity, and a bold step toward market-driven development. While significant hurdles remain, the foundation has been laid for equitable economic recovery, long-term capital formation, and regional cooperation.
If managed with transparency and trust, the NSES could emerge as a cornerstone of Somalia’s economic transformation. Therefore, inviting investment, empowering businesses, and helping rebuild the nation, one trade at a time.
