The Capital Markets Authority (CMA) has cautioned the Kenyan public against investing in the Dangote Refinery Initial Public Offering (IPO), stating that the offer has not been approved locally.

• The IPO, launched on the Nigerian Exchange (NGX) on September 14, targets over Ksh211 billion (USD1.63 billion).
• Key individuals involved include Aliko Dangote, the refinery's owner, and the Capital Markets Authority (CMA) as the regulatory body.
• Kenyans are advised to verify the authenticity of any IPO documents and only transact through licensed intermediaries.