Dangote Refinery IPO reflects long-term commitment to Africa’s industrial transformation – Dangote

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has said the ongoing Dangote Petroleum Refinery Initial Public Offering (IPO) reflects the Group's long-term commitment to Africa's industrialisation, wealth creation and economic development. Speaking in an interview with Bloomberg Television, Dangote said the IPO was designed not only to raise capital but also to broaden African ownership of a major strategic asset. He stated that for decades Africa's most strategic assets have been owned by a limited group of investors, and that the offering creates an opportunity for millions of Africans to become part-owners of the refinery. According to him, the offering would give ordinary Africans and institutional investors an opportunity to participate in the growth of the refinery and share in the value created by the project.

Read More