# Africa’s richest man seeks $1.6bn in continent’s biggest IPO

https://mins.news/en/item/48727

- Financial Times, 2026-09-07 16:45 UTC
- Economy
- Original: https://www.ft.com/content/cc750a77-fd63-40e9-be6e-99bd7c9a96a5?syn-25a6b1a6=1

> Aliko Dangote is targeting 10 million shareholders as he prepares to float his $49bn refinery business on the Nigerian stock exchange, seeking to raise $1.6bn in what would be Africa’s largest IPO.

## Related coverage

- [Dangote's proposed Kenyan oil refinery faces hurdles, not least with crude supply](https://mins.news/en/item/51085) — Reuters, 2026-09-09
- [Dangote Targets $1.6 Billion in Nigeria’s Largest IPO](https://mins.news/en/video/47899) — Bloomberg Television, 2026-09-07
