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Originally published by The Standard BusinessSeptember 19, 2026
2h ago
Can Kenyans buy Dangote refinery shares? Here is all you need to know
For someone in Kenya, buying the shares currently means navigating Nigeria’s capital market rather than using the local investment channels...
✨ Key Highlights
Kenyan investors may soon gain access to the Dangote Petroleum Refinery's record-breaking IPO, currently open in Nigeria, as African stock exchanges explore cross-border investment solutions.
- The IPO aims to raise approximately $1.6 billion (2.15 trillion Nigerian naira) by offering 4.1 billion shares at 525 Nigerian naira each.
- Discussions involving the Nairobi Securities Exchange (NSE), led by its Chief Executive Frank Mwiti, are underway with the Nigerian Exchange and regulators to enable Kenyan participation.
- A potential solution being considered is a global depositary receipt (GDR), which could allow Kenyans to invest through local market structures without direct access to Nigeria's capital market.
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