Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO
Aliko Dangote, Africa’s richest man, plans an IPO for his Nigerian oil refinery, targeting about $23 billion. The offering would be the continent’s largest ever and could raise his net worth by roughly two‑thirds. The float is slated for the Nigerian Stock Exchange later this year, aiming to broaden Africa’s capital markets and draw foreign investors.