Afreximbank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in establishing the agency, expressing optimism that it would contribute to more transparent and efficient African financial markets.
AfCRA was launched in Mauritius on Wednesday, October 7, 2026 , to address gaps in how African risk is understood and priced by international rating agencies – S&P Global Ratings, Moody’s Ratings, and Fitch Ratings.
Commodity Price Chg % SoybeansUSd/Bu1304.46 13.04 -0.99% WheatUSd/Bu691.79 15.21 -2.15 Palm Oil MYR/T 4673.00 99.00 -2.07% CoffeeUSd/Lbs277.32 1.97 0.72% CottonUSd/Lbs82.802 0.508 -0.61% CocoaUSD/T5590.00 62.00 1.12% SugarUSd/Lbs18.61 0 -0.02%
The company is hoping to raise about $800m (£601m) from the initial public offering (IPO) and is targeting a valuation of $8bn to $9bn, which would make it one of London’s largest listings in recent years.
Agricultural PriceUSd Chg % Soybeans 1324.40 3.6 -0.27% Wheat 721.62 5.13 -0.71% Palm Oil 4856.00 1.00 -0.02% Coffee 273.61 2.79 -1.01% Cotton 82.724 0.696 -0.83% Cocoa 5351.00 24.00 0.45% Sugar 18.15 0.24 -1.28%
“Africa is like a scratch card. Unless you scratch it, you don’t see the use of it. The opportunities are immense,” Dangote said.
The regulator’s alert highlights growing concerns over the possibility of fake investment websites, cloned platforms, fraudulent payment channels and individuals posing as authorised agents to exploit the huge interest generated by the Dangote Refinery offer.
Agricultural Price(USd) Chg % Soybeans 1295.28 0.95 -0.07% Wheat 727.73 2.48 0.34% Palm Oil 4857.00 43.00 0.89% Coffee 286.32 0.62 0.22% Cotton. 85.120 0.94 -1.09% Sugar 18.09 0.06 -0.35%
Speaking on the significance of the IPO, President and Chief Executive of Dangote Industries Limited, Aliko Dangote, said:“Today marks the beginning of a new chapter in the history of Dangote Refinery and, indeed, in the economic future of our nation.
Dangote further said shareholders could choose to receive dividends in either naira or dollars, saying the option could help investors cope with currency depreciation..”
