Nigeria's Dangote Refinery secured a $1 billion underwriting for its August 2026 stock market listing, positioned to become Africa's largest IPO. Bloomberg analysis examines how Dangote's industrial empire could reshape the African economy amid continent-wide growth projected at 4% for 2026.
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Earlier in August, it was reported that Nigeria’s Dangote Refinery secured a $1 billion underwriting for its upcoming stock market listing, which is set to become Africa’s largest IPO. Indeed, the whole the continent has seen lots of economic growth in the last few years: According to the United Nations, growth across Africa was expected to reach 4.0% in 2026. The history of economic development o
Africa has seen lots of economic growth in the last few years. According to the United Nations, growth across the continent is expected to reach 4.0% in 2026. Joe Studwell, author of How Africa Works: Success and Failure on the World's Last Developmental Frontier, joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss what is driving this economic growth and how it compares to A