Another African Country Says Yes to Dangote’s $1.6 Billion IPO

The massive share sale by Dangote Refinery is reaching more African investors after Uganda approved the $1.6 billion initial public offering (IPO) for eligible local investors. Uganda’s Capital Markets Authority approved a cross-border offering on October 6, permitting eligible Ugandan investors to participate in the IPO of Dangote Refinery. However, the approval doesn’t provide access to the offering to all investors in the country.