The Somali Stock Exchange (SSE), also known as the Somalia Stock Exchange, is the national bourse of

Somalia Somalia, , Osmanya script: 𐒈𐒝𐒑𐒛𐒐𐒘𐒕𐒖; ar, الصومال, aṣ-Ṣūmāl officially the Federal Republic of SomaliaThe ''Federal Republic of Somalia'' is the country's name per Article 1 of thProvisional Constituti ...

founded by SEF.

Overview

The Somali Stock Exchange (SSE) was founded by the management of the Somali Economic Forum (SEF), whose principal aim is to encourage

Foreign Direct Investment A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct co ...

(FDI) into Somalia’s growing economy. The company has already made history by becoming the first ever stock exchange to operate inside of Somalia, with the first shares sold on 1st September 2015 at the exchange’s offices in

Garowe Garowe ( so, Garoowe, ar, غَاْرَّوْؤَيَ,

Mogadishu Mogadishu (, also ; so, Muqdisho or ; ar, مقديشو ; it, Mogadiscio ), locally known as Xamar or Hamar, is the capital and List of cities in Somalia by population, most populous city of Somalia. The city has served as an important port ...

and

Hargeisa Hargeisa (; so, Hargeysa, ar, هرجيسا) is the capital and largest city of the Republic of Somaliland. It is located in the Maroodi Jeex region of the Horn of Africa. It succeeded Burco as the capital of the British Somaliland Protector ...

. Historically, shares in Somali businesses have been bought and sold informally through close networks. However, economists have noted that in recent years, the emergence of various stock exchanges in African states has played a pivotal role in fostering economic and private sector growth. The substantial demand for capital is increasing by the day for Somali businesses, consisting of both large firms and SME’s. According to the latest figures, the capital inflow to Somalia is increasing and it is being driven by both the Somali diaspora and foreigners. The SSE has created an new capital market, where buyers of financial securities can do business with sellers in a more organised, formal, secure and profitable way. The aim was to create a sustainable capital market in Somalia, where holders of financial securities such as stocks, bonds and buyers or investors can meet and share in long-term growth.

Products and services

Stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

, Bonds (

Sukuk Sukuk ( ar, صكوك, ṣukūk; plural of ar, صك, ṣakk, legal instrument, deed, cheque, links=no) is the Arabic name for financial certificates, also commonly referred to as "sharia compliant" bonds. Sukuk are defined by the AAOIFI ( Acco ...

Commodities In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a comm ...

References

{{reflist

External links

Official Website
Organizations established in 2012 Stock exchanges in Africa Economy of Somalia Companies of Somalia Economy of Mogadishu 2012 establishments in Somalia

Overview

Products and services

See also

References

External links