Somalia unveils first securities exchange for investors
Somalia plans to open its first stock exchange to attract investment and link the country with regional markets. Yasin Ibar leads the National Securities Exchange and said the platform will help businesses raise money while giving investors clear information about opportunities. The exchange fits into national plans that followed debt relief and aims to channel savings into productive sectors like telecommunications and energy.
Four Kenyan companies have already expressed interest in listing on the exchange. Ibar said cross-border trading will position Somalia as a connector between East African investors and new markets. The exchange will follow Islamic finance rules and publish company reports that meet international standards.
The platform adopts digital systems from the start to allow diaspora communities worldwide to buy securities online. Plans call for a special board that helps small businesses access capital with simplified requirements. First listings should appear by early 2026 for companies in banking and telecommunications, along with bonds that fund infrastructure projects.
