Companies DeskReceipt
Dangote's refinery IPO: Kenyans are offered a slice of Africa's biggest plant, through an expensive wrapper
Our verdict · Opinion
A real refinery that finally makes money, priced on its best half-year and sold to Kenyans through a costly wrapper.
Dangote's refinery is selling 3.3% of itself for about US$1.6 billion, and Kenyans can buy in through receipts on the NSE. Unlike Quickmart, the money goes to the company. The price leans on one very good half-year.