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Nigeria’s Dangote refinery plans retail-focused IPO, no foreign listing for now

By Chijioke Ohuocha and Isaac Anyaogu A Dangote crude oil tank is seen inside the Dangote Industries oil refinery and fertilizer plant site in the Ibeju Lekki district of Lagos, Nigeria March 2, 2026. REUTERS/Sodiq Adelakun/File Photo  LAGOS, Aug 14 (Reuters) – Dangote Petroleum Refinery’s planned October IPO, which could become Africa’s largest, is designed to let Nigerians

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Kenya eyes debut Chinese bond market issuance this fiscal year

By Reuters File Photo: A general view shows a section of the skyline of the central business district of Nairobi, Kenya July 15, 2025. REUTERS/Thomas Mukoya/File Photo NAIROBI, Aug 14 (Reuters) – Kenya is considering issuing its first ever bond on the Chinese domestic debt market, known as ​panda bonds, as it seeks to plug a

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South Africa’s Shoprite sees annual earnings rising up to 14.7%

By Nqobile Dludla Shoppers are seen outside the Shoprite store at the Garden City mall along Thika Road in Nairobi, Kenya November 13, 2020. REUTERS/Thomas Mukoya/File Photo JOHANNESBURG, Aug 12 (Reuters) – South African retailer Shoprite Holdings (SHPJ.J), opens new tab said on Wednesday it expects ​annual headline earnings to rise by as ‌much as 14.7%, supported by

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Nigeria’s EV ambitions run into reality of weak electricity supply

By Isaac Anyaogu and Abraham Achirga A Geely electric vehicle showroom in Lagos, Nigeria, June 18, 2026. REUTERS/Sodiq Adelakun LAGOS, Aug 12 (Reuters) – Nigeria approved tax waivers for nearly 4,000 electric vehicles in the first ​half of this year, government data showed, as authorities push to accelerate nascent EV adoption despite chronic electricity shortages. The approvals reviewed

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