Nigeria’s Dangote Petroleum Refinery is taking a major step toward becoming a publicly traded company. The refinery is seeking to raise around one billion dollars through a private share placement, in a deal that values the company at roughly 39 billion dollars.

Africa's largest financial institution, Standard Bank Group, has reaffirmed its commitment to support the growth of Dangote Industries…

Kenya and Tanzania are competing to host Dangote's next refinery, with potential locations including Mombasa, Lamu, and Tanga.

Africa’s biggest lender announces leading role in IPO of continent’s largest oil refinery