Kenyans gain access to Dangote Refinery through $300m Nairobi Depositary Receipts

Dangote Petroleum Refinery & Petrochemicals FZE has launched a $300 million Nairobi Depositary Receipt programme, allowing Kenyan investors to gain exposure to the refinery. The offering gives East African investors nearly 20 percent of the company's initial public offering (IPO) following regulatory approvals. This marks a new investment route for East Africans into Nigeria's landmark oil refining project.

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