The Capital
Markets Authority approved a global depository receipt structure this week,
letting eligible Kenyans buy GDRs representing shares in Nigeria's Dangote
Petroleum Refinery & Petrochemicals. Seven licensed firms like CPF Capital
and SBG Securities will handle it, with a minimum buy of 2,000 units at Sh53.50
each, totaling Sh107,000 – an 8.6% premium over Nigerian prices.
The IPO
closes October 13, 2026, aiming to fund refinery expansion, while regulators
remind investors to study prospectuses and get advice; separately, Uganda
limits access to high-net-worth folks, and Kenya's court pushes for
transparency on a local Lamu project.
