Africa’s biggest capital market players are already sizing up the Dangote Refinery as momentum builds toward one of the most anticipated listings on the Nigerian Exchange Group.
NGX Chairman Umaru Kwairanga led representatives from major African stock exchanges on a strategic tour of the refinery — a key step ahead of its planned Initial Public Offering (IPO) on Nigeria’s bourse.
The high-level delegation included officials from:
Johannesburg Stock Exchange
Nairobi Securities Exchange
Ghana Stock Exchange
BRVM
Ethiopian Securities Exchange
Rwanda Stock Exchange
The goal? Give African capital-market operators and advisers a close look at the mega-project before it hits the market.
Kwairanga praised Aliko Dangote as a visionary driving Africa’s industrialisation, noting the refinery is expected to cut reliance on imported fuel and strengthen Nigeria’s external reserves.
Africa’s financial markets are already positioning for what could become a landmark cross-continental investment opportunity when the refinery finally lists.
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