Somali Stock Exchange

What Somali Stock Exchange does

The Somali Stock Exchange is Somalia's first and only formal securities exchange, founded by the Somali Economic Forum (SEF) and commencing trading on September 1, 2015. It operates two markets — a Main Board and an Over-The-Counter (OTC) Board — with 10 listed companies spanning telecommunications, real estate, postal services, utilities, investment management, environmental services, port operations, technology, and diversified holdings. The exchange serves Somali enterprises seeking access to organized capital and connects them with domestic and diaspora investors, supported by an online trading platform with iOS and Android apps in development.

The exchange generates revenue primarily through listing fees on its Main and OTC Boards and secondary trading-related fees, though pricing is not publicly disclosed. Its go-to-market combines the online trading portal, planned mobile applications, and event-driven engagement including the Somali Capital Markets Forum (SCMF), the East African Islamic Finance Forum (EAIFF) co-hosted with the Nairobi Securities Exchange, and capacity-building workshops with the UN SSE Initiative, IFC, and IFRS Foundation. It maintains three offices in Mogadishu, Garowe (headquarters), and Hargeisa, and is integrated into the East African Securities Exchanges Association (EASA) since February 2025.

Operationally the platform is built around an online trading portal with mobile extensions in development; no AI, machine learning, or advanced analytics capabilities are evidenced. The company is privately held, for-profit, and reports a headcount of 11–50 employees with no funding rounds disclosed. Market snapshot data indicates thin and intermittent trading activity, with volumes between 0 and 120 trades per security and multiple OTC securities at zero volume, signaling an early-stage liquidity profile despite the regulatory monopoly.

Name

Somali Stock Exchange

Legal name

Somali Stock Exchange

Website

http://www.sse.so

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Somali Stock Exchange is a finance company that operates high-quality stock exchange that nurtures home grown talent and attracts investors.

Ownership category

akta.pro rank

Product category

Securities Exchange

NAICS

Securities and Commodity Exchanges (5232), Securities and Commodity Exchanges (52321)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYFSABAGAG

Islamic Investment Banking & Capital Markets Services

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Islamic Banking

Keywords

• Securities exchange services
• Equity trading platform
• Capital markets infrastructure
• Stock listing services
• Investment trading venue

Headquarters

HQ city

Mogadishu

HQ country

Somalia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Listing Fees: Companies pay listing fees to be listed on the SSE exchange. The exchange had 10 listed companies as of 2025, with trading beginning September 1, 2015.
2. Trading Transaction Fees: The exchange earns revenue from trading activities, including transaction fees on share purchases and sales executed through the platform. Market snapshot shows active trading volumes across listed securities.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

The Somali Stock Exchange (SSE) operates a securities marketplace where shares, bonds, and financial instruments of listed Somali companies are bought and sold. It runs two market segments — a Main market and an Over-The-Counter (OTC) market — and provides listing services, an online trading platform with real-time market data, and broker-based trade execution for companies seeking capital and investors seeking investment opportunities in Somalia.

Product overview

The Somali Stock Exchange operates as a single unified securities marketplace platform offering trading on two market segments: the Main market and the OTC (Over-The-Counter) market. The platform facilitates buying and selling of shares, bonds, and financial securities for listed companies. Mobile trading applications for iOS and Android are under development.

Differentiator

Problem solved

Functional benefit

Products and services

• Stock Exchange Trading Platform A securities marketplace enabling trading of shares, bonds, and financial instruments for listed companies in Somalia, operating on Main and OTC markets. The platform provides real-time Market Snapshot data including price, open, close, volume, and change percentages for all listed securities, accessible via the sse.so website with trade execution routed through the saamigado.com user login portal.
• iOS Mobile Trading App

Quantifiable outcome

• 10 listed companies across Main and OTC markets
• +2 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered flagship and core.

• Nairobi Securities Exchange (NSE)flagshipStrategic or Co-development Partner · 2 December 2025Co-hosting the First East Africa Islamic Finance Forum 2025 (EAIFF) in Nairobi, Kenya on December 2-3, 2025. This strategic partnership aims to advance ethical finance and unlock investment opportunities across East Africa, combining SSE's Islamic finance focus with NSE's 70+ years of capital markets expertise.
• UN SSE InitiativecoreStrategic or Co-development Partner · 21 August 2025Joint hosting of free training workshop on August 21, 2025 covering IFRS Standards 1 and 2 and Climate Disclosure Standards. Event provides CPD certification with trainers from ISSB and IFC (World Bank).
• IFRS FoundationcoreStrategic or Co-development Partner · 21 August 2025Partner in training workshop hosting, providing IFRS Standard 1, IFRS Standard 2, and Climate Disclosure Standards curriculum with trainers from ISSB (International Sustainability Standards Board).
• IFC (World Bank)coreStrategic or Co-development Partner · 21 August 2025Partner in UN SSE training initiative, contributing trainers for IFRS and Climate Disclosure Standards workshop. IFC brings expertise in sustainable finance and emerging market development.
• East African Securities Exchanges Association (EASA/EASEA)flagshipStrategic or Co-development Partner · 15 February 2025SSE officially integrated with EASA alongside Nairobi Securities Exchange (NSE), Uganda Securities Exchange (USE), Dar es Salaam Stock Exchange (DSE), and Rwanda Stock Exchange (RSE). Partnership aims to enhance harmonisation of investment policies and create unified regional stock exchange infrastructure.
• UN WomencoreStrategic or Co-development Partner · 14 November 2024Partnership for the annual 'Ring the Bell for Gender Equality' initiative. SSE's 3rd annual event was held in 2024 with over 50 participants including Dr. Sadiq Sayed (Head of UN Women Somalia), government officials, and banking executives. The initiative aims to raise awareness of women's economic empowerment and encourage investment in female-led enterprises.
• Organisation of Islamic Cooperation (OIC) ExchangescoreStrategic or Co-development PartnerSSE is a member of OIC Exchanges, the exchange forum of the Organisation of Islamic Cooperation, providing networking and cooperation with Islamic finance exchanges globally.
• UN SSE InitiativecoreStrategic or Co-development PartnerMember of the UN SSE Initiative (Sustainable Stock Exchanges Initiative), partnering with UN Global Compact, IFC, UN Women and WFE for the Ring the Bell for Gender Equality initiative held for 10 consecutive years globally.

Scale indicators5 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Nairobi Securities Exchange: Kenya's principal stock exchange and SSE's most direct regional counterpart and EASA integration partner. Comparability is reinforced by the active co-hosting of the East Africa Islamic Finance Forum 2025 and similar equity-listing and broker-based trading models.
• Uganda Securities Exchange: Uganda's stock exchange and fellow EASA member. Both operate small-cap African equity exchanges with similar listing, trading, and broker-based models targeting domestic capital formation.
• Dar es Salaam Stock Exchange: Tanzania's stock exchange and EASA counterpart. Comparable as a regional African exchange with a limited number of listed companies, broker network distribution, and ongoing capital markets development mandate.
• Rwanda Stock Exchange: Rwanda's stock exchange and EASA peer. Comparable as a small East African exchange pursuing listings growth and regional integration, with a similar scale of listed companies and broker-based distribution.

Emerging players

• Ethiopian Securities Exchange: Newly launched Ethiopian securities exchange, mentioned alongside SSE in regional coverage as a fellow new entrant to East African capital markets. Comparable as a frontier-market exchange in a similarly underdeveloped neighboring economy.

Regional players

• Bourse Régionale des Valeurs Mobilières (BRVM): West African regional exchange serving eight francophone WAEMU countries. Comparable as a regional multi-country African securities exchange operator with a broker-based trading model.
• Muscat Stock Exchange: Oman's principal exchange and a fellow OIC Exchanges member focused on Shariah-compliant capital markets. Comparable on Islamic finance positioning and GCC-OIC-aligned exchange mandate.
• Ghana Stock Exchange: Sub-Saharan African exchange with a similar number of listed companies and similar broker-based trading model. Comparable as a frontier-market African exchange pursuing listings growth.

Broad incumbents

• Bourse de Casablanca: Morocco's principal exchange and largest in North/West Africa. Comparable as an African exchange with Shariah-compliant listings and broader capital markets infrastructure aspirations.
• Egyptian Exchange: North Africa's largest exchange and a member of the Arab Federation of Exchanges. Comparable as a regional incumbent with Islamic finance product offerings and African/MENA capital markets relevance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/results?search_query=Somali+Stock+Exchange
• Xx.com/SomaliStockExch
• Facebookfacebook.com/somalistockexchange
• LinkedInlinkedin.com/company/somali-stock-exchange

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Somali Stock Exchange