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Inside Dangote’s IPO and how Kenyans can take part
People at an event promoting the Dangote Petroleum Refinery initial public offering, dubbed “the IPO for the people,” in Kano, Nigeria on September 17.
Africa’s richest man Aliko Dangote is seeking to raise Sh200.8 billion ($1.55 billion) in exchange for three percent equity in his Nigerian refinery business.
The initial public offering (IPO) in Nigeria has drawn widespread interest from not just the country but across the continent with the multi-billionaire businessman receiving a multitude of queries on how investors in other parts of Africa including Kenya can be part of the region’s largest IPO.
