Dangote to Set Up Kenya Investment Vehicle Ahead of Refinery IPO
Aliko Dangote is setting up a Kenya investment vehicle ahead of his pan-African refinery IPO, offering African investors dollar returns and tradeable exit certificates. The World Bank Group has pledged full support. The refinery IPO targets a US$5bn raise at a valuation of up to US$50bn.
South Sudan Declines to Renew Oranto Petroleum's Exploration License
South Sudan has decided not to renew the Exploration and Production Sharing Agreement (EPSA) held by Oranto Petroleum for Block B3,
Dangote Refinery Plans First Pan-African IPO in History
Aliko Dangote plans to list Dangote Petroleum Refinery and Petrochemicals FZE on multiple African stock exchanges in a continent-first cross-border IPO targeting a raise of up to US$5 billion. Analysts value the refinery at between US$40 billion and US$50 billion, with 5-10% of equity on offer. The primary listing targets the Nigerian Exchange Group main board in June-July 2026. The Nairobi Securities Exchange is among six bourses involved. Stanbic IBTC Capital, Vetiva Advisory Services, and FirstCap have been appointed as financial advisers.Dangote Outlines Plan to Grow Group Revenue to US$100bn
In its “Vision 2030: Supercharging Dangote Group for Long Term Success”, presented to Afreximbank's board and estimated to require at least $40 billion in new investments,Nigeria's Zenith Bank Completes Paramount Bank Kenya Acquisition
Zenith Bank Plc has completed the acquisition of Paramount Bank Kenya Limited, gaining its first East African foothold. The deal covers the bank's entire share capital plus subsidiaries PB Capital and Paramount Bancassurance. Paramount posted a KSh370 Mn profit in FY2025 on total assets of KSh17.11 Bn. The acquisition price was not disclosed.Flutterwave Acquires a Microfinance Banking License in Nigeria
This license enables the company to hold funds and deposits directly, instead of partnering with other commercial banks to access national clearing and settlement systems.Nigeria Adopts National Policy on Cosmetics Safety
The policy, developed with support from the World Health Organization (WHO), establishes a clear system to regulate how cosmetic products are manufactured, imported, sold, used and disposed of.Nigerian Startup Prembly Unveils Shared Fraud Database for African Fintechs
Nigeria-based identity verification startup, Prembly, has launched an open fraud-intelligence database aimed at helping banks, fintechs and online platforms detect scams earlier
Nigeria to Host Intra-African Trade Fair 2027
Nigeria has signed the host agreement for the fifth Intra-African Trade Fair 2027 (IATF2027), taking over the baton from AlgeriaGhana, Nigeria and Kenya’s Youth Rank High in Mental Health Survey but Generational Gap Persists
Nigerian Defence Startup Terra Industries Extends Funding Round by US$22mn
Nigeria Targets Continental Fintech Dominance with New Regulatory Framework
The CBN’s strategy integrates innovation policy, financial inclusion, systemic risk oversight, and cross-border expansion into a single coordinated framework
