Africa's Biggest IPO Exposes Continent's Cross-Border Investing Barriers - BusinessWorld Online

Africa's biggest IPO exposes continent's cross-border investing barriers

Africa's biggest IPO exposes continent's cross-border investing barriers - BusinessWorld Online

NAIROBI — The historic stock market debut of Nigeria’s Dangote refinery was billed as an opportunity for investors…

AELEX plays key role in Dangote Refinery’s $1.5bn IPO

By Henry Ojelu LAGOS — The approximately US$1.5 billion Initial Public Offering, IPO, of Dangote Petroleum Refinery & Petrochemicals FZE has been completed, with AELEX acting as Solicitors to the Offer in the landmark transaction. The offering is the largest single IPO undertaken in Africa and the first public offering by a Free Zone Entity, […]

Dangote’s IPO is exposing the limits of Africa’s financial integration

Dangote refinery’s proposed $1.6 billion share sale has exposed a gap between Africa’s industrial ambitions and the financial systems available to support them. The offering invites investors to participate in a major African manufacturing business, but access remains governed largely by national rules, intermediaries and market infrastructure. Interest in owning part of the refinery has travelled across borders more easily than the mechanisms …