CPF Capital links up with RMB Nigeria in Dangote IPO

CPF Capital & Advisory has partnered with Rand Merchant Bank Nigeria Limited (RMB Nigeria) to facilitate regional institutional investors' access to the Dangote Petroleum Refinery & Petrochemicals (DPRP) Initial Public Offering (IPO). This collaboration was prompted by the Capital Markets Authority's (CMA) approval, which allows eligible Kenyan investors to participate in the IPO, rather than the proposed Dangote refinery project in Lamu County.

Dr Hosea Kili, CPF Group Managing Director, stated that the CMA's approval provides Kenyan investors with a regulated avenue for investing in a significant African listing, thereby enhancing Kenya's role as a hub for cross-border capital raising. Kili emphasized that Africa possesses ample capital, and CPF Capital's involvement in this transaction underscores their dedication to expanding African capital markets and promoting the involvement of institutional investors across borders.

CPF Capital Kenya Executive Director Mercy Thuo added that the partnership with RMB Nigeria offers institutional investors a reputable and well-structured pathway to engage in this historic African transaction. Thuo explained that at CPF Capital, they are constructing a regional capital markets and investment advisory platform that links African capital with African prospects.

The company's objective is to reinforce these connections and aid in the mobilization of institutional capital towards enterprises and projects that will determine Africa's economic future.

CPF Capital plans to maintain collaboration with regulators and regional partners to broaden African investors' access to transactions that will shape the continent's economic trajectory. The DPRP IPO, which commenced on September 14, 2026, is anticipated to conclude on October 13, 2026.