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Dangote Refinery IPO Is Aimed at Nigerian Savers, Not London

Chief executive David Bird calls the planned October listing a “people’s IPO”, aimed at Nigerian retail savers, with no foreign listing for at least three years.

  • Dangote Refinery IPO targets Nigerian savers on local exchange.
  • CEO David Bird describes it as a "people's IPO".
  • Refinery's capacity to increase to 1.4 million barrels per day in three years.

Kenya Borrowing Plan Reaches for Yen, Yuan and Sukuk Money

The Treasury’s 2026/27 borrowing plan leans on Japanese money and liability management, and keeps a Chinese panda bond and an Islamic sukuk as options rather than commitments.

  • Kenya's National Treasury aims to diversify funding sources beyond the dollar market.
  • US$5.41 billion external financing includes US$335 million in grants and debt instruments.
  • Japan contributes US$881 million through loan and samurai bond for the borrowing plan.

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