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.
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Africa’s richest man, Aliko Dangote, says his organization is getting closer to breaking ground on the planned oil refinery in Kenya, indicating that the long-awaited project might soon move from planning to building.
Africa’s largest stock exchange is positioning itself to host a secondary listing of Dangote Petroleum Refinery, as interest grows across the continent ahead of what could become one of Africa’s biggest initial public offerings.
