Africa’s largest single-train refinery under construction in Lekki, Nigeria
Aliko Dangote has opened a month-long IPO for Dangote Petroleum Refinery, offering roughly 3% of the company to retail investors from 14 September with minimum purchases of 10 shares. The sale will fund plans to double capacity to about 1.4m barrels per day and expand listings outside Africa, while critics warn of concentration of ownership and valuation risks.
Kenya's government says its stake and a public share offer will accompany the Dangote refinery project, which is moving toward groundbreaking despite ongoing land disputes and court orders. Officials promise transparency and local participation while Dangote stresses investor interest and regional job creation.
Prince Edward Rukidi Nyabongo has been crowned as king of Tooro, Uganda, after a contested selection by the Babiito clan. The ceremony followed the death of King Oyo Nyimba Kabamba Iguru Rukidi IV, whose heir remains publicly unconfirmed. Queen Best Kemigisa disputes the process, citing a will and an unrevealed heir. The coronation amplifies tensions within Tooro’s royal family and broader Ugandan society.