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.
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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.
Dangote Petroleum Refinery has transitioned back to pricing its premium motor spirit in naira to prevent artificial supply shortages caused by fuel importers withholding product to drive up prices.