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The fundraising attracted several institutional investors, including the Africa Finance Corporation and African Export-Import Bank
• Offer attracted 3.7 times subscription compared to initial size •International, African investors back refinery’s expansion •Proceeds to strengthen capital structure, fund grow...
Dangote Refinery has secured $2.5bn investment led by AFC for major capacity expansion. NewsOnline Nigeria reports that Dangote Petroleum Refinery and Petrochemicals FZE has comp...
Nigeria's Dangote mega-refinery Thursday said it has secured $2.5 billion in investment from private investors to fund its expansion plans, as it widens its refining business to ea...
Aliko Dangote, Africa’s richest man and owner of the 700,000 barrel-per-day (bpd) plant, led the sign-off ceremony in Lagos on Monday. The post UPDATED: Dangote Refinery sets minim...
Africa's biggest refinery is preparing for a major financial move that could attract billions of dollars from investors.
[Premium Times] Aliko Dangote, Africa's richest man and owner of the 700,000 barrel-per-day (bpd) plant, led the sign-off ceremony in Lagos on Monday.
Dangote Petroleum Refinery and Petrochemicals (DPRP) has secured $600 million through a private placement, marking the first phase of a broader $1 billion underwriting programme ah...
[Premium Times] Aliko Dangote, Africa's richest man and owner of the 700,000 barrel-per-day (bpd) plant, led the sign-off ceremony in Lagos on Monday.
For Dangote, the stock market debut is not only about raising capital — it is also aimed at bringing more investors into one of Africa’s most ambitious industrial projects.
By BUUMBA CHIMBULU DANGOTE Petroleum Refinery and Petrochemicals has raised US$2.5 billion through a private equity placement, in what the company says is the largest publicly...
The crude processing plant will have the latitude to sell 15 per cent of the offer size in addition to the total number of shares up for grabs, in the event the transaction is over...
• Plans $14bn expansion to double capacity to 1.4m bpd by 2029 •Refinery CEO: Fuel shortages will extend beyond Iran war • M’East crisis expands as Iran-backed Houthis attack four
AFC describes the investment as a continuation of its long-term partnership with the Dangote Group and commitment to financing transformative industrial projects across Africa. The...
The refinery is expected to become one of the largest private-sector investments in Kenya and will create thousands of jobs across construction, engineering, and logistics.
The most recent news from Nigeria and across the world is available at The News Chronicle. The News Chronicle provides the most recent headlines, commentary, and political news. Th...
Dangote Petroleum Refinery has raised about $2.5 billion through a private equity placement that was oversubscribed by 3.7 times, with the proceeds to fund expansion and strengthen...
Construction of the highly publicized East African oil refinery in Kenya could start by October, after Nigerian billionaire Aliko Dangote said the project’s preparations have progr...
The most recent news from Nigeria and across the world is available at The News Chronicle. The News Chronicle provides the most recent headlines, commentary, and political news. Da...
• IEA: Nigeria could double energy investments in five years Emmanuel Addeh in Abuja The Initial Public Offer (IPO) of Nigeria’s Dangote refinery, the largest on the continent, wil...
SEC has approved Dangote Refinery’s ₦2.15tn IPO at ₦525 per share.  NewsOnline Nigeria reports that the Securities and Exchange Commission (SEC) has approved the initial pu...
• Grants Shell enhanced tax credit for $20bn Aparo deepwater project • Oil giant awards $518m contracts to Nigerian firms, boosts local content • Engages 123 indigenous compani...
Kenya, where the new refinery will be sited at the southeastern coastal town of Lamu, will take a 10 per cent stake estimated at around half a trillion dollars, the international n...
Several East African nations have also expressed their willingness to invest in the project, with the government eyeing a major job boost for thousands of Kenyans.
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