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After Kenya, Uganda opens Dangote refinery IPO to domestic investors

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Briefings

The Capital Markets Authority of Uganda approved domestic investors to participate in the initial public offering of the Dangote Petroleum Refinery. This marks a significant milestone as the project, previously a private venture, now seeks public capital. The approval occurred on Tuesday, October 7, 2026, following the project's completion and subsequent IPO application.

Key points

• The Capital Markets Authority of Uganda granted approval for domestic investors to participate in the initial public offering of the Dangote Petroleum Refinery.
• The project is named after the founder of the company, and the IPO application was submitted after the refinery was completed.

Context and limitations

The approval was granted by the Capital Markets Authority of Uganda on Tuesday, October 7, 2026, following the project's completion and subsequent IPO application.

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