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“The industrialist Aliko Dangote is turning to Nigerians to help finance the next growth phase of his oil refinery: The richest man in Africa announced that he is seeking to attract about $1.6 billion (€1.4 billion) by going public.”

“The industrialist Aliko Dangote is turning to Nigerians to help finance the next growth phase of his oil refinery: The richest man in Africa announced that he is seeking to attract about $1.6 billion (€1.4 billion) by going public.”

“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.”

“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.”