“NSES will initially operate as a private and self-regulatory organization model, working closely with relevant public institutions to oversee and ensure market integrity and transparency, the bourse said in a statement issued in Mogadishu, the capital of Somalia.”
“Trading on the exchange is projected to begin early next year, targeting key sectors including telecoms, banking, real estate, and energy to drive national economic growth.”
"NSES will create opportunities for companies to access capital, for investors to support Somalia's growth, and for our economy to integrate effectively into regional and global markets," he added.
“It will provide a platform for issuing government-backed, Sharia-compliant Sukuk (bonds) to finance priority infrastructure and development projects across the nation, according to the statement.”
