Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO — Live Feedhttps://www.live-feeds.com/feed/africa-s-richest-man-aiming-to-make-23bn-from-continent-s-biggest-ever-ipoContinuously updated, source-cited coverage. Dangote Launches Africa's Biggest IPO for Oil Refineryhttps://www.live-feeds.com/feed/africa-s-richest-man-aiming-to-make-23bn-from-continent-s-biggest-ever-ipohttps://www.live-feeds.com/feed/africa-s-richest-man-aiming-to-make-23bn-from-continent-s-biggest-ever-ipo#u69048Tue, 15 Sep 2026 13:46:39 +0000Nigerian billionaire Aliko Dangote has launched an initial public offering for his massive oil refinery, marking the continent's largest share sale in history. The public offering opens public ownership of the refinery, drawing excitement and share purchases from retail investors in Nigeria. The monumental deal could increase the personal fortune of Africa's richest man by as much as $23 billion, potentially swelling his net wealth by two-thirds. This development shifts the ownership structure of the colossal industrial facility to ordinary buyers.Why it mattersThe public share sale