| Name | Somali Stock Exchange |
| Country | Somalia |
| Number of listed companies | 7 |
| Domestic market capitalization | 47 million US$ |
| SSE Partner Exchange | Yes |
| Has annual sustainability report | No |
| ESG reporting required as a listing rule | No |
| Has written guidance on ESG reporting | No |
| Offers ESG related training | No |
| Market covered by sustainability-related index | No |
| Has sustainability bond listing segment | No |
| Has SME listing platform | No |
| Women on boards mandatory minimum rule | No |
| Additional information | |
| Organizational model of stock exchange | |
| Regulatory bodies | |
| Regulatory model | |
| About the stock exchange | - Historically, shares in Somalian 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 have 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 SMEs. According to the latest figures, over 3 billion USD flows in to Somalia every year, a large stake of which is aimed solely at business. Liquidity is an essential element of any industry, but its impossible to create it without a viable market, which is why the Somali Stock Exchange was born. The SSE is creating an entirely new securities market, where buyers of financial securities can do business with sellers in a more organised, secure and profitable way. Our aim is to create a sustainable securities market in Somalia, where holders of financial securities, bonds and buyers or investors can meet and share in long-term growth. The Somali Stock Exchange (SSE) was founded by the management of 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 headquarters.
|