Botswana set as Southern African hub in Dangote Refinery IPO
The Botswana depositary receipts are expected to raise $500m towards the refinery’s $1.6bn IPO, which has been extended to 27 October.
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The Botswana depositary receipts are expected to raise $500m towards the refinery’s $1.6bn IPO, which has been extended to 27 October.
For decades, Africa has famously exported its raw crude oil only to buy back expensive, imported refined fuel. That exhausting, money-draining cycle is about to end. The colossal Dangote Refinery