# Dangote refinery launches Africa’s biggest IPO for retail investors

https://mins.news/en/item/58525

- France 24, 2026-09-15 00:05 UTC
- Economy
- Original: https://www.france24.com/en/technology/20260915-dangote-refinery-launches-africa-biggest-ipo-for-retail-investors

> Africa’s richest man, Aliko Dangote, launched an IPO on Monday for his $19 billion Nigerian oil refinery, seeking $1.6 billion from retail investors across the continent. The offering values Africa’s largest refinery at about $49 billion, attracting strong interest while raising concerns about its high valuation.

## Related coverage

- [Nigeria’s Dangote refinery launches Africa’s biggest IPO](https://mins.news/en/video/59653) — France 24 English, 2026-09-15
- [Africa’s richest man targets $23bn from continent’s biggest-ever IPO](https://mins.news/en/item/57664) — The Guardian, 2026-09-14
- [Nigerian billionaire Dangote launches Africa's biggest refinery IPO](https://mins.news/en/item/57542) — Reuters, 2026-09-14