In Picture: Aliko Dangote welcomes representatives of South Africa’s Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC).
Representatives of South Africa’s Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC) on Tuesday visited the Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited.
They expressed interest to invest in the company’s soon to be listed upcoming initial public offer ((IPO) on stock exchanges across the continent.
The planned IPO is expected to involve the sale of about 10 percent equity in the refinery through what the Dangote Group has described as a pan-African public offering.
In a statement shared on the official X handle of Dangote Group, on Tuesday, underscored increasing attention from African institutional investors towards projects considered critical to strengthening energy security, industrial capacity, food systems and regional economic resilience across the continent.
According to the company, African investors and institutions are increasingly looking inward to support large-scale infrastructure projects capable of driving sustainable economic growth and accelerating industrial transformation across the region.
The engagement also comes as the refinery moves closer to its planned Initial Public Offering (IPO), which is expected to open up ownership of the facility to a broader pool of investors across Africa.
The company noted that ongoing engagements with major institutional investors reflect growing recognition of strategic infrastructure as a key driver of Africa’s long-term economic transformation and industrial expansion.
