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Today, a special ceremony was held in Mogadishu to officially launch National Securities Exchange of Somalia. The event was attended by distinguished guests from within Somalia and neighboring countries, including Members of Parliament, Deputy Ministers, Directors-General, the Chairman of the African Securities Exchanges Association (ASEA) and CEO of the Rwanda Stock Exchange, Mr. Celestin Rwabukumba, the CEO of the Nairobi Securities Exchange, Mr. Frank Mwiti, and a delegation of businesspeople led by the Chairman of the Somali Chamber of Commerce and Industry, Mr. Mahmoud Abdi Ali “Gabayre.”

All of the dignitaries who spoke at the event warmly welcomed the establishment of the National Securities Exchange of Somalia “NSES”, emphasizing its importance and the opportunities it brings for Somalia’s economy at this time. The CEO of the National Securities Exchange of Somalia (NSES), Mr. Yasin M. Ibar, who officially launched the event, spoke first about the purpose behind establishing the exchange and the benefits it offers to Somali businesses and the national economy as a whole.

The CHAIRMAN  of Hormuud Telecom, Mr. Ahmed Mohamud Yusuf “ Sucuudi “, also welcomed the launch, stating:

“The Somali Security Exchange marks the beginning of a new era. It’s a step towards future accountability, proper utilization of resources, and a symbol that will benefit Somali businesses as well as the wider region.”

Finally, the Chairman of the Somali Chamber of Commerce and Industry, Mr. Mahmoud Abdi Ali “Gabayre,” expressed his congratulations and said:

“The Somali Security Exchange will attract significant investment into the country, particularly from the Somali diaspora and foreign investors.”

DHAMMAAD

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Xafiiska Warfaafinta Rugta Ganacsiga iyo Warshadaha Soomaaliyeed

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Dr. Zarau Wendeline Kibwe, who is the Executive Director of the World Bank and also responsible for twenty-two Sub-Saharan African countries, arrived today in Mogadishu. He was accompanied by his legal advisor, Mr. Mohamed Bashir, who also represents Somalia.

They held a meeting with members of the Somali Chamber of Commerce and Industry, led by Prof. Ciise M. Xalane. The meeting focused on analyzing the challenges related to investment in Agriculture, Livestock, Fisheries, and Energy — sectors in which the International Finance Corporation (IFC) could potentially invest through the private sector.

Prof. Ciise M. Xalane spoke about the overall scope, importance, and history of Somalia’s private sector, as well as the Chamber of Commerce’s policy aimed at developing private enterprise. He also highlighted how this aligns with both the country’s long-term vision for economic transformation by the year 2060 and the shorter five-year development plan. This alignment, he noted, is exemplified by how President Hassan Sheikh has emphasized that: “The economic development plan is one that is led by the private sector.”

Following this, discussions were held regarding the obstacles businesses face in accessing bank financing, particularly under the “Gargaara” program. It was noted that the program’s terms include short repayment periods, high interest rates, and strict collateral requirements — which are challenges especially for businesses needing substantial investment.

Dr. Zarau Wendeline Kibwe oo ah Agaasimaha fulinta Bangiga Aduunka u qaabilsan wadamadda Afrika Sub-Sahara oo tiradoodu tahay 22 (oo ay ku jiraan Soomaaliya, Tanzania, Kenya,) oo uu wehliyo La-Taliyaha dhanka sharciyada qaaraddda Mudane Maxamed Bashiir, ayaa soogaaray magaaladda Mogadishu waxaana uu kulan laqaateen qeybo kamid ah waaxaha kala duwan ee Rugta Gnacsiga iyo Warshadaha Soomaaliyeed. Kulanaasi oo ahay mid diiradda lagu saarayay sida hey’adda IFC ay Beeraleyda, Xoolaleyda, Kallumesata, iyo Bangiyada Soomaaliyeed uga caawin laheed Maalgashiga dhinaca ganacsiga gaarka loo leeyahay.

Kulankaani ayaa lagaga wada hadlay caqabadaha Maalgashiga Beeraha,Xoolaha, Kaluumeysiga, Korontada iyo Guud ahaan caqabadaha Maalgashiga Bangiga Aduunku ay Ganasatada Soomaaliyeed ku qabaan. Prof Isse M Xalane ayaa ka hadlay guud ahaan baaxadda Ganacsiga gaarka loo leeyahay ee Soomaaliyeed. Iyo siyaasadda Rugta Gnacsiga ee ku abaaran ganacsiga gaarka loo leeyahay, sida qorsha yaasha homarinta ganacsiga gaarka looleyahay 5sano ee soosocoto ilaa 2060ka.  

 Intaas kadib waxaa laga dooday caqabdaha midmid u heysta waaxaha kuala duwan ee kulanka kaso qeyb galay, iyo guud ahaan caqabadaha ay kala kulmaan Bangiyada Dalka, dulsaarka, iyo Soocelinta deymaha, marka ay maalgalin u baahdan.

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