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The Somali Stock Exchange (SSE), also known as the Somalia Stock Exchange, is the national bourse of Somalia founded by SEF.
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 (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
Official Website
Organizations established in 2012 Stock exchanges in Africa Economy of Somalia Companies of Somalia Economy of Mogadishu 2012 establishments in Somalia
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 (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 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 Protectora ...
.
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, 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 co ...
See also
*Central Bank of Somalia
The Central Bank of Somalia (CBS) ( so, Bankiga Dhexe ee Soomaaliya, ar, البنك المركزي الصومالي) is the monetary authority of Somalia. Somalia has struggled to reestablish a functioning state since the collapse of an auth ...
* Ministry of Natural Resources (Somalia)
* Ministry of Industry and Trade (Somalia)
* Ministry of Finance (Somalia)
*Federal Government of Somalia
The Government of Somalia (GS) ( so, Dowladda Soomaaliya, ar, حكومة الصومال الاتحادية) is the internationally recognised government of Somalia, and the first attempt to create a central government in Somalia since the coll ...
References
{{reflistExternal links
Official Website
Organizations established in 2012 Stock exchanges in Africa Economy of Somalia Companies of Somalia Economy of Mogadishu 2012 establishments in Somalia