Report
Uganda clears domestic investors for Dangote refinery IPO
Reuters says the regulator approved the securities offer after an application from Stanbic IBTC Capital.
TLDR
Uganda's Capital Markets Authority has approved domestic investors' participation in Dangote Petroleum Refinery's IPO. Reuters says the $1.6 billion offering is intended to help finance a planned doubling of refinery capacity to 1.4 million barrels per day. The approval follows a similar move in Kenya and widens regional access to an offering aimed heavily at retail investors.
Combined views
79.3K
2 Sources, first seen ago