Africa’s richest man aiming to make $23bn from continent’s largest-ever IPO

A report from The Guardian — World focuses on “Africa’s richest man aiming to make $23bn from continent’s largest-ever IPO” and sets out the main development contained in the supplied source material.

Public offering of Aliko Dangote’s Nigerian oil refinery business could swell his net wealth by two thirds The fortune of Africa’s richest person could swell by two thirds to nearly $60bn (£44bn) following his refinery in Nigeria listed publicly in the continent’s largest-ever initial public offering. The report also notes that If Monday’s flotation of Dangote Petroleum Refinery and Petrochemicals goes to plan, then Aliko Dangote is expected to add another $23bn (£17bn) to his $35bn net worth.

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