Dangote Cement Plc added Goldman Sachs Group Inc. and UBS Group AG as bookrunners for a London listing that it’s preparing as soon as November, according to people familiar with the matter.

A mega-refinery in Nigeria owned by Africa’s richest person is going public, seeking to raise at least $1.6 billion to help fund its expansion. The share sale is set to be the continent’s largest-ever initial public offering. Aliko Dangote has pitched it as an “IPO for the people” and aims to draw in millions of first-time investors by setting the minimum stake in his firm at just $4.

Dangote Petroleum Refinery and Petrochemicals FZE picked Honeywell Technologies for a $300 million contract to provide engineering services and technology at its planned Kenya refinery slated to be finished in record time.

Softbank Group Corp.-backed Opay Digital Services Ltd. is considering a secondary listing in Nigeria after an initial public offering in the US, according to people with knowledge of the matter.

Non-profit organizations in Nigeria are planning to use artificial intelligence to bring more transparency to the nation’s often-disputed presidential vote after successfully deploying the technology during a local election last week.

Investors have committed $400 million to a planned initial public offering by Dangote Petroleum Refinery & Petrochemicals FZE, the continent’s largest crude oil processing plant, which is raising money to expand the facility.

Nigeria said it approved a $4.5 billion arrangement with the state-owned energy firm that will liberate funds to bolster foreign-exchange reserves and spending on the government’s ongoing infrastructure priorities.

Aliko Dangote is betting that Africa’s largest refinery, the continent’s biggest cement producer and his fertilizer businesses will expand his empire fivefold to $100 billion by the end of the decade.

Aliko Dangote has nearly completed a $2.5 billion private stock placement for his refinery business, according to people familiar with the matter, as the company prepares for Africa’s largest initial public offering.

Nigeria anticipates remittances from citizens living abroad to increase by two-thirds over 2026 as it seeks to bolster its foreign-exchange reserves, its central bank governor said.

Bloomberg reporters answer your questions about Nigeria’s world-beating stocks, and where investors are finding opportunities in African markets, in a Live Q&A on Friday, July 17 at 12 p.m. GMT

Dangote Refinery is halting the sale of petroleum products in naira within the Nigerian market, Punch Newspaper reported, citing failings in a landmark 2024 plan for the state-owned energy company to supply crude in local currency.

A new mega-refinery to be built at the Kenyan coast by Africa’s richest person will cost as much as $17 billion, a spokesman for Dangote Industries Ltd. has confirmed.

Nigeria has accused the South African authorities of criminal liability in the death of three of its citizens, warning that it will mobilize regional and international action to ensure those responsible for violence against foreigners are held to account.

Nigerian lawmakers passed a bill that will allow states to set up their own police units in a bid to tackle rising insecurity in Africa’s most populous nation, according to local broadcaster Channels TV.

Nigerian tycoon Aliko Dangote’s refinery unit is seeking to raise as much as $1 billion through a private sale of debt, people with knowledge of the plan said.

Nigeria will begin repatriating its citizens from South Africa this week, after anti-immigrant attacks and protests in the continent’s biggest economy.

Aliko Dangote said a private placement of shares in his oil refinery in Nigeria attracted as much as $2 billion of investor demand before a proposed initial public offering.

Nigeria left its benchmark interest rate unchanged, with policymakers expecting the recent inflation uptick driven by the Iran war’s impact on energy and food prices to prove temporary.

Dangote Industries Ltd is seeking more opportunities to raise money from global investors after the African company made its first foray into international markets last month.