Search articles

“Notable - The Dangote Refinery IPO plans to reach 10 million African subscribers and includes an incentive program that will offer retail investors a free share if they buy and hold the minimum requirement of 10 shares for 12 consecutive months.”

“The initial public offering of the Dangote Refinery in Nigeria will open on Monday, in what is set to be the largest debut on any African stock exchange.”

“Dangote Industries was yet to respond to queries from Semafor on the feedstock challenges and whether the competition with Tanga refinery would affect investor appetite in the debt and initial public offering IPO financing being lined up for the project.”

“As the Dangote Group nears the opening bell for its Nigerian refinery’s IPO, plans to build a similar plant in Kenya are under the spotlight because of an array of potential challenges.”

“The Dangote Group also has plans to list its cement subsidiary in London and is in the early stages of beginning another refinery project in Kenya.”