In a historic step toward economic revitalization, Somalia has officially launched its first national stock exchange, the National Securities Exchange of Somalia (NSES), marking a significant milestone for the Horn of Africa nation recovering from decades of conflict and instability.
The launch, held on June 19 in Mogadishu, was welcomed as a bold move to modernize Somalia’s financial infrastructure and increase access to capital for local businesses. Backed by the Ministry of Finance and the Central Bank of Somalia, the NSES is set to begin formal trading in early 2026, initially offering stocks and sukuk (Islamic bonds).
Although privately operated, the exchange will collaborate closely with government regulators to build a trustworthy legal and oversight framework — a critical need in a country where public confidence in financial systems is still developing.
“This platform is about more than trading — it’s about opening new doors for Somali enterprises and connecting them with global capital,” said Yasin Ibar, the newly appointed CEO and former head of the Somali Bankers Association.
Focus on Key Sectors and Diaspora Involvement
In its initial phase, the NSES will focus on high-growth sectors such as telecommunications, banking, energy, and real estate, with plans to also facilitate government-issued sukuk aimed at funding major infrastructure projects.
To encourage wider participation, especially among Somalis abroad, the exchange has begun rolling out financial literacy programs targeting communities in the UK, US, Turkey, Norway, and Kenya — key hubs for the Somali diaspora.
Integration into East African Capital Markets
As the newest member of the East African Stock Exchanges Association, Somalia aims to foster greater regional integration with exchanges in Kenya, Tanzania, Rwanda, and Uganda. Officials believe this collaboration will help position Somalia as a viable player in East Africa’s emerging financial ecosystem.
The Central Bank of Somalia has pledged full technical support for the exchange and emphasized its commitment to meeting international standards.
While challenges remain — including security, regulatory capacity, and investor confidence — the launch of the NSES is being viewed as a symbol of resilience and a step toward sustainable economic development.