Dangote Refinery IPO Opens Access to Kenyan Investors

Kenyan investors could gain access to Dangote Refinery’s ongoing initial public offering through a proposed Global Depositary Receipt (GDR) programme on the Nairobi Securities Exchange (NSE). The proposed structure would allow Kenyan investors to trade GDRs representing Dangote Refinery shares in Kenyan shillings, while the underlying shares remain held in Nigeria and the Nigerian Exchange (NGX) continues to serve as the primary listing venue. Business Today Kenya reported the development on Sep