Dangote Plans Pan-African IPO for Continent’s Biggest Refinery

Aliko Dangote plans to offer shares in his oil-refining company on multiple African stock exchanges, according to the head of the Nairobi Securities Exchange Plc.

Dangote appointed Stanbic IBTC Capital Ltd., Vetiva Advisory Services Ltd. and FirstCap Ltd. to advise on the IPO for Dangote Petroleum Refinery and Petrochemicals Fze, FirstCap Chief Executive Officer Ukandu Ukandu said by email.