The Nairobi Securities Exchange (NSE) has signed a landmark cooperation agreement with Somalia’s newly established stock market, paving the way for cross-listing of companies between the two countries in a move expected to deepen regional capital markets and stimulate investment.

The deal will allow Kenyan companies with commercial interests in Somalia to list on the Mogadishu bourse, giving them access to a fresh pool of investors as Somalia works to modernize its financial sector. At the same time, Somali firms seeking broader visibility, stronger governance structures, and access to larger capital markets will be able to pursue listings on the NSE.

NSE officials say the partnership is designed to support market development in Somalia while opening new growth avenues for Kenyan and Somali businesses. The collaboration will also include knowledge sharing, technical support, and capacity building as Somalia continues to build the infrastructure required for a functional and regulated securities market.

Market analysts view the agreement as a significant milestone in East Africa’s financial integration, coming at a time when Somalia is accelerating economic reforms and attracting renewed investor interest following years of instability. The cross-listing framework is expected to improve liquidity, enhance investor confidence, and promote corporate transparency in both markets.

The NSE has in recent years positioned itself as a regional financial hub, and the partnership with Somalia’s new exchange reinforces its strategy of expanding cross-border collaboration. Observers say companies in sectors such as telecommunications, banking, logistics, and agriculture—where Kenya and Somalia share strong commercial ties—stand to benefit the most.

The two exchanges are expected to outline implementation timelines and regulatory harmonization measures in the coming months.