
Corporate
Ethiopia Joins Dangote Refinery IPO in Pan-African Vote of Confidence
Ethiopia has joined the list of investors in Dangote Petroleum Refinery's initial public offering, broadening the deal's pan-African appeal.
Ngozi Eze2 min read
4 results for “Dangote Refinery”

Ethiopia has joined the list of investors in Dangote Petroleum Refinery's initial public offering, broadening the deal's pan-African appeal.

Dangote Petroleum Refinery reported a profit of about N6.29 trillion (about $4.73 billion) for the first nine months of 2026, cementing its turnaround.

Dangote Petroleum Refinery has pushed the close of its $1.6 billion IPO to October 27, giving investors more time to subscribe to Africa's biggest listing.
March trade flows marked a structural shift for a country that spent decades importing petrol despite being one of Africa's largest crude producers.