Dangote Refinery IPO reflects long-term commitment to Africa’s industrial transformation – Dangote

By Udeme Akpan President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has said the ongoing Dangote Petroleum Refinery Initial Public Offering, IPO, reflects the Group’s long-term commitment to Africa’s industrialisation, wealth creation and economic development. Speaking during an interview with Bloomberg Television, Dangote said the IPO was designed not only to raise capital but also to broaden African ownership of a major strategic asset. “For decades, Africa’s most strategic assets have been owned by a limited group of investors. Through this IPO, we are creating an opportunity for millions of Africans to become part-owners of a transformative business that is chan...