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Dangote refinery launches Africa’s biggest IPO for retail investors

Africa’s richest man Aliko Dangote on Monday launched an IPO for his $19 billion Nigerian oil refinery, seeking $1.6 billion from retail investors across the continent. The offering values Africa’s largest refinery at about $49 billion and has drawn both strong investor interest and concerns over its high valuation.

Dangote refinery launches Africa’s biggest IPO for retail investors

We haven't written up this one. France 24 has the full story — the link below goes straight to it.

Read the original at france24.com →

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