Dangote Refinery Secures $2.5 Billion Investment to Expand Africa’s Fuel Production
5 billion in investment from private investors to fund its expansion plans, as it widens its refining business to east Africa.
The private placement is a precursor to the initial public offer where investment in the refinery would be open to the public later in the year, analysts said.
The investment is "believed to be the largest publicly disclosed private investment in Africa," Dangote Petroleum Refinery and Petrochemicals said in a statement.
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