NSE to give expertise to Somalia stock exchange
09 August 2012, 12:17
Nairobi - The Nairobi Securities Exchange (NSE) has entered into a Memorandum of Understanding (MoU) with the Somalia Stock Exchange Investment Corporation (SSE) to assist them with technical support in setting up a stock market in the neighbouring country.
Speaking to Capital News, Peter Mwangi, the NSE Chief Executive Officer said that the MoU was the first step in the journey that would see the development and implementation of a self sustaining stock exchange in Somalia.
Mwangi added that the NSE shall have primary responsibility for the technical development of the Somalia Stock Exchange including identifying the most suitable partners and expertise for the operations of the Somalia Stock Exchange.
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