Kenya Clears Dangote Refinery Global Depositary Receipt for Local Investors
Originally published by AllAfrica News: Kenya — Read the original article →
[Daba Finance] Kenya’s Capital Markets Authority (CMA) has approved a Global Depositary Receipt (GDR) route, allowing eligible local investors to participate in the Dangote Petroleum Refinery & Petrochemicals initial public offering (IPO). This approval, issued on Monday, October 5, 2026, follows a Short Form Prospectus submitted by Renaissance Capital (Kenya) Limited, enabling Kenyan investors to access the Nigerian refinery’s share sale domestically.