Dangote Says Kenya Refinery Will Be Listed in Nairobi
Billionaire Aliko Dangote plans to list shares of a new $16 billion Kenyan refinery on the Nairobi stock exchange. However, a local court has temporarily paused the project following a legal challenge.
African billionaire Aliko Dangote said shares in a Kenya refinery that he’s building will trade on the country's stock exchange. Breaking ground on the $16 billion project is planned for Wednesday, but a Kenyan court ordered it be paused after a group of petitioners filed a case opposing the project. Dangote was speaking at an investors’ event in Nairobi on Tuesday. (Source: Bloomberg)
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