The Somali National Securities Exchange (NSES) was officially launched on Thursday, June 19, 2025. It was set up by a group of local investors and financial sector experts, with the aim of laying the foundations for a formal capital market in the country.

Led by private actors in collaboration with public authorities, this market aims to mobilize capital to finance local businesses and public projects. The first quotations are expected in 2026, with a focus on sectors such as telecommunications, energy and finance

The NSES will initially operate under a private organization and self-regulatory model, working closely with relevant public institutions to oversee and ensure the integrity and transparency of the market, the exchange said in a statement issued in Mogadishu, the capital of Somalia.

Trading on the stock exchange is expected to begin early next year and target key sectors such as telecommunications, banking, real estate, and energy, in order to boost domestic economic growth.

Yasin M. Ibar has been appointed the first managing director of NSES and will also be the main spokesperson for the exchange. He said that the launch is an important milestone, not only for the Somali financial sector, but also for the overall economy

">"NSES will allow businesses to access capital, investors to support Somalia's growth, and our economy to integrate effectively into regional and global markets,” he added.

Ali Yassin Sheikh Ali, Deputy Governor of the Central Bank of Somalia, said that a properly regulated and open stock exchange that is open to all can be a transformative factor for Somalia. The Central Bank is ready to provide technical support and coordinate policies to ensure a stable and credible financial market architecture that benefits all Somalis, said Mr. Yassin.

It will provide a platform for the issuance of government-guaranteed and Sharia-compliant Sukuk (bonds) in order to finance priority infrastructure and development projects across the country, according to the statement.