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Originally published by The Standard Business
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September 29, 2026
3h ago

NSE, CMA move to open Dangote's Sh207 billion IPO to Kenyan investors

NSE, CMA move to open Dangote's Sh207 billion IPO to Kenyan investors

The NSE and CMA are working on a GDR framework that could allow Kenyan investors to participate in Dangote Petroleum Refinery’s Sh207 billion IPO, subject to regulatory approval...

✨ Key Highlights

The Nairobi Securities Exchange (NSE) and the Capital Markets Authority (CMA) are collaborating to enable Kenyan investors to participate in Dangote Petroleum Refinery's record initial public offering (IPO) of Sh207 billion.

  • The IPO will be accessible to Kenyans through Global Depositary Receipts (GDRs) listed on the NSE.
  • Key organizations involved are the NSE and the CMA.
  • This move allows Kenyans to invest in Africa’s largest share sale using local currency.

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