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Originally published by Capital News
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September 14, 2026
14h ago

Africa’s richest man launches continent’s biggest share sale

Africa’s richest man launches continent’s biggest share sale

The refinery, which started production in 2024, is one of the largest in the world and took more than a decade to complete...

✨ Key Highlights

Africa's richest man, Aliko Dangote, has launched the continent's largest share sale, offering a stake in his Dangote refinery to the public with the potential to raise up to $2.1 billion.

  • The initial public offering (IPO) is for approximately 3% of the Dangote refinery.
  • This historic event involves Aliko Dangote, a Nigerian billionaire and Africa's richest man.
  • The Dangote refinery, which started production in 2024, is one of the largest in the world and now supplies over 70% of Nigeria's energy needs.

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