East Africa stock exchanges welcome Somalia and Ethiopia into the fold

Somalia's new President Hassan Sheikh Mohamud (L) speaks with Ethiopia's Prime Minister Abiy Ahmed having a conversation during a past function.

Photo credit: File | Nation Media Group

Somalia and Ethiopia stock markets are set to link up with peers in the East African region, nearly 50 years since the idea of integrating regional bourses was mooted.

The Somali Stock Exchange (SSE) and the Ethiopian Securities Exchange (ESX), which went live on January 10, will officially integrate with the Kenya, Uganda, Tanzania and Rwanda bourses under the East African Securities Exchanges Association (Easa).