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Mining & Energy

Dangote's African refinery IPO targets billions in investment

The News

Nigerian billionaire Aliko Dangote, Africa's richest man, is conducting what he calls "the people's IPO" for his flagship mega-oil refinery in Lagos, initially targeting $1.6 billion but attracting three to four times that interest. The offering, which closes on Tuesday, was extended to broaden African participation, with shares priced at $0.40 each and a $4 minimum investment.

14 hours ago · Citizen Digital →

Today

Dangote's African refinery IPO targets billions in investment
Nigerian billionaire Aliko Dangote, Africa's richest man, is conducting what he calls "the people's IPO" for his flagship mega-oil refinery in Lagos, initially targeting $1.6 billion but attracting three to four times that interest. The offering, which closes on Tuesday, was extended to broaden African participation, with shares priced at $0.40 each and a $4 minimum investment.
14 hours ago · Citizen Digital →

Yesterday

Ruto directs opening Magadi soda ash mining to new investors
President William Ruto has directed the entry of four to five new companies into Magadi's soda ash industry to end Tata Chemicals' dominance and promote local manufacturing of glass and chemicals instead of exporting raw soda ash. He tasked Mining Cabinet Secretary Hassan Joho with implementing the directive.
23 hours ago · Citizen Digital →

Monday 26 October

UK-backed renewable energy project targets humanitarian agencies expansion
A UK-backed initiative piloted with UN agencies in Chad is testing a renewable energy model to help humanitarian organisations reduce electricity costs by replacing diesel generators with solar power and battery storage, with Kenya among countries considered for expansion. The energy-as-a-service model targets at least 25% energy cost reductions, with first installations in Chad projected to reduce diesel generator running time by 73–85%.
26 October 2026 · Citizen Digital →

Sunday 25 October

Five missing after oil rig sinks off Gabon coast
The Prospector 5 oil rig sank off Gabon on Saturday evening after a severe structural failure, with 110 of 115 personnel safely accounted for and five remaining missing. Rescue operations are ongoing, according to operating company Borr Drilling.
25 October 2026 · The Standard →

Saturday 24 October

High Court dismisses Tata Chemicals suspension case as out of jurisdiction
The High Court ruled it lacks jurisdiction over a case by Tata Chemical Magadi Limited challenging an operations suspension, as mining disputes fall under the Environment and Land Court's purview according to the Constitution.
24 October 2026 · The Standard →

Friday 23 October

Oryx sells Tanzania gas operations to ASAS Energies
Oryx Energies has agreed to sell its gas business in Tanzania to ASAS Energies as part of a strategic review of its downstream assets across Africa. The transaction is subject to regulatory approvals and customary conditions, with financial details undisclosed.
23 October 2026 · Citizen Digital →
Oryx sells Tanzania gas business to ASAS Energies
Oryx Energies has announced the sale of its gas business in Tanzania to ASAS Energies, part of a strategic review of downstream assets across Africa. The transaction is subject to regulatory approvals and customary conditions, with the timeline and financial value not yet disclosed.
23 October 2026 · The Standard →

Thursday 22 October

IPG calls for evidence-based debate on Lamu refinery project
The International Policy Group has called for a fact-based national debate on the proposed $16 billion Dangote East Africa Petroleum Refinery in Lamu, arguing the project presents a major opportunity to transform Kenya's industrial and energy landscape but carries significant financial, governance, environmental and regional risks.
22 October 2026 · Capital News →