Saturday June 21, 2025
Mogadishu-(HAN)-A grandly organized ceremony was held today in Mogadishu to officially launch Somalia’s very first Stock Exchange Market.
The event was attended by several dignitaries, including executives and leaders of the Stock Exchange, the Chairman of the Somali Chamber of Commerce Mahamud Abdikarin Gabeyre, Deputy Minister of Energy and Water Resources Mohamed Abdullahi Farah, members of the Federal Parliament of Somalia, the Director of SOMINVEST Mohamed Dubo, representatives from national telecom companies, and the Union of Somali Banks.
Also in attendance at the launch were the CEO of the Rwanda Stock Exchange and Chairman of the African Securities Exchanges Association, Pierre Celestin Rwabukumba, the CEO of the Nairobi Securities Exchange Frank Mwiti, and other distinguished guests.
Speaking at the event, the Chairman of the Somali Stock Exchange, Yasin Mahmoud Ibaar, highlighted the importance of this new institution for the country.
He stated that the stock exchange will provide businesses with greater access to capital, enabling them to expand, while also offering the Somali public an opportunity to invest and hold shares in both local and international companies—regardless of where they live. Additionally, this exchange will allow international companies to register and gain Somali shareholders.
He emphasized that this marks the beginning of an official framework that encourages investment, promotes social development, and supports sustainable economic growth.
Now that the Somali Stock Exchange has officially opened, he added, the opportunity is clear—Somalia is ready to take part in the transformation and development taking place across the Horn of Africa.
