Somalia Stock Exchange

From MarketsWiki
Jump to: navigation, search
FTSE Russell banner 2016.gif
Somalia Stock Exchange
Headquarters Nairobi, Kenya
Key People Peter Mwangi, Idd Mohamed

The Somalia Stock Exchange is an exchange platform, whose creation was announced in August of 2012. It is expected to be based in Nairobi, Kenya.

The exchange plans to include companies such as Hormuud Telecom as well as other energy and financial firms. No date has been set for the formal creation yet. The exchange plans to move to Mogadishu once the situation settles in the warring state. The exchange plans to offer sharia compliant sukuk bonds and halal equities.[1][2]

Key players in the exchange's creation are Idd Mohamed, ambassador extraordinary and deputy permanent representative to the United Nations, and NSE chief Peter Mwangi.

The NSE has been known for establishing exchanges for other struggling nations such as Rwanda and Tanzania.[3]

References

  1. Diplomat to start Somalia's first stock market. Reuters.
  2. War-torn Somalia to launch stock exchange. AFP.
  3. Kenya: Somali Stock Market to Be Based in Nairobi. AllAfrica.