Kenya's Nairobi Securities Exchange and Somalia's National Securities Exchange just locked in a deal to link up their markets and get cross-border listings going. The partnership covers tech transfers, dual-listing setups, investor education, and Shariah-compliant products like Sukuk bonds. Both exchanges want to tap into diaspora cash and make it easier for people to trade across borders.
NSES CEO Yasin Ibar said Somali entrepreneurs have been running on informal networks forever, and this formalizes the connections that already exist between the two countries. NSE's Frank Mwiti called it a move toward better regional capital flows. Somalia plans to start trading in early 2026, with sectors like telecom, banking, energy, and agriculture on deck, while Kenya strengthens its spot as East Africa's financial hub.
NSES CEO Yasin Ibar said Somali entrepreneurs have been running on informal networks forever, and this formalizes the connections that already exist between the two countries. NSE's Frank Mwiti called it a move toward better regional capital flows. Somalia plans to start trading in early 2026, with sectors like telecom, banking, energy, and agriculture on deck, while Kenya strengthens its spot as East Africa's financial hub.
