Dangote’s US$1.6 Billion IPO Draws Interest from Ethiopian Investors

The Ethiopian Securities Exchange reported on 20 October that it had hosted a roadshow for the Dangote Petroleum Refinery and Petrochemicals IPO, bringing the offer to eligible Ethiopian investors. The wider share sale was reported at approximately US$1.6 billion, but this is the IPO’s reported size, not capital raised in Ethiopia alone. Investors and corporate-finance advisers can contact HPC for a quotation on transaction analytics, financial modelling and investment-data solutions.