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Uganda has joined Kenya in allowing eligible investors to participate in Dangote Petroleum Refinery’s $1.6 billion initial public offering (IPO), expanding access to the Nigerian refinery’s landmark share sale across East Africa.
Dangote Petroleum Refinery is offering nearly 20% of its massive IPO to East African investors, potentially raising to $300
Uganda’s Capital Markets Authority approved the $1.6 billion listing, letting local investors join Dangote’s plan to double capacity to 1.4 million barrels a day.