{"id":436626,"date":"2026-05-20T12:09:09","date_gmt":"2026-05-20T12:09:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/436626\/"},"modified":"2026-05-20T12:09:09","modified_gmt":"2026-05-20T12:09:09","slug":"africas-largest-pension-fund-shows-deep-interest-in-the-dangote-refinery","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/436626\/","title":{"rendered":"Africa’s largest pension fund shows deep interest in the Dangote Refinery"},"content":{"rendered":"


\n The visit is part of a broader trend in Africa where major institutions are increasingly focusing on domestic industrial initiatives that can improve regional energy and food security, increase manufacturing capacity, and develop economic resilience. \n <\/p>\n


\n Per the Dangote Group, this visit is in reaction to Dangote\u2019s plans to go public with his refinery and other listing initiatives. \n <\/p>\n


\n \u201cAs the refinery moves towards its forthcoming IPO, engagements like this reinforce the growing recognition of strategic infrastructure as a critical driver of Africa\u2019s long-term growth and economic transformation,\u201d the group relayed via X. \n <\/p>\n


\n The projected initial public offering (IPO) has garnered attention in African financial markets. \n <\/p>\n


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\n Dangote\u2019s recent IPO conversations
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\n \n <\/p>\n


\n Earlier this year, Dangote revealed during a media tour of the refinery that Nigerians would soon have the opportunity to directly invest in the project within months. \n <\/p>\n


\n Interest in the listing<\/a> grew after the president of the Nairobi Securities Exchange revealed in April that Dangote plans to float in multiple African capital markets. \n <\/p>\n


\n According to an email from Ukandu, the Chief Executive Officer of FirstCap, which was reported by Bloomberg, the Dangote Group appointed Stanbic IBTC Capital Ltd., Vetiva Advisory Services Ltd., and FirstCap Ltd. to serve as advisors for the initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE. \n <\/p>\n


\n Such a move would be a watershed moment for the continent, establishing one of Africa’s first big cross-border industrial listings. \n <\/p>\n


\n \u201cThe plan is to structure a pan-African IPO,\u201d Frank Mwiti, CEO of the Nairobi exchange, said after a meeting between the heads of African exchanges and billionaire Dangote in Lagos. \n <\/p>\n


\n In July last year, Aliko Dangote announced plans to float his oil refinery<\/a> on the stock market, following public scrutiny that the billionaire preferred foreign partnerships. \n <\/p>\n


\n During an interview with S&P Global in October of the same year, he revealed plans to sell at least 5% of the refinery’s stock on the Nigerian Exchange between that time and 2026. \n <\/p>\n


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\n \"Dangote <\/p>\n


\n This number, based on assertions from Africa\u2019s richest man, could go as high as 10%. \n <\/p>\n


\n This month, the Nigerian billionaire revealed that his group is considering what could become the first major London listing<\/a> of his cement empire as he seeks deeper international capital pools to support expansion across Africa. \n <\/p>\n","protected":false},"excerpt":{"rendered":" The visit is part of a broader trend in Africa where major institutions are increasingly focusing on…\n","protected":false},"author":2,"featured_media":436627,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-436626","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/436626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=436626"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/436626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/436627"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=436626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=436626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=436626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}