On Tuesday,
the billionaire hosted a high-level session at the Nairobi Securities Exchange
to pitch investment opportunities in the Dangote Refinery's upcoming IPO.
Executives detailed a pathway for Kenyan investors via Global Depositary Receipts
tradable in local shillings, targeting a listing around December 8, 2026, after
regulatory steps and an offer period.
They
outlined $24 billion in growth funding for refinery expansions, fertilizers,
cement, and new ventures like LNG and mining, building on the group's rise from
a 1978 trading firm to Africa's industrial powerhouse. Kenyan investors showed
strong interest, with talks hinting at deeper Nigerian-East African market
links.
