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Originally published by The Standard Business
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September 30, 2026
3h ago

Bourse, Markets Authority plot Kenyan access to Dangote's Sh207 billion IPO

Bourse, Markets Authority plot Kenyan access to Dangote's Sh207 billion IPO

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 developing a way for Kenyans to invest in Dangote Petroleum Refinery's upcoming record IPO.

  • The initiative will allow access through Global Depositary Receipts (GDRs) listed on the NSE, enabling participation in Africa’s largest share sale.
  • Key organizations involved are the Nairobi Securities Exchange (NSE) and the Capital Markets Authority (CMA), with Dangote Group as the company offering the IPO.
  • Kenyans will be able to invest in the Sh207 billion IPO, potentially through local currency via GDRs.

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