Report

Africa's richest man Dangote's IPO out of reach in Nigeria

Deutsche Welle AfricaFactual

Aliko Dangote is seeking about $1.6 billion through an IPO of Dangote Industries to help fund a $14.3 billion expansion that would more than double his refinery's capacity to 1.4 million barrels per day. The listing would let Nigerians and international investors share in the growth while giving the company permanent naira capital instead of costly dollar debt. The refinery, which made Nigeria a net exporter of refined fuel after reaching full capacity in early 2026, also plans a processing plant in Kenya.

Read the full report at dw.com

More Kenya

Roundtable deep dive2 voices

Student pilot and flight instructor killed in Kenya plane crash near wind turbines

Two outlets covering the same day's aviation news described two entirely different plane crashes in two different countries, with no overlap in location, casualties or cause.

Assembled from

Africa News
Al Jazeera English

Read the roundtable2 months ago

Roundtable deep dive2 voices

Ethiopia Renews Call for Equal African Representation in UN Security Council

Two African presidents used the same UN General Assembly stage to demand permanent African representation on the Security Council, but the speeches highlighted different leaders and different arguments for why the status quo should change.

Assembled from

Fana English
Africa News

Read the roundtable2 months ago

Roundtable deep dive2 voices

Nairobi to host the 2029 World Athletics Championships

Nairobi has been chosen to host the 2029 World Athletics Championships, becoming the first African city to stage the event, after a World Athletics council vote in Budapest.

Assembled from