Addis Ababa, 15 October 2026 – The Ethiopian Securities Exchange (ESX) has hosted an investor roadshow on the initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals, bringing the offering to qualified investors and market participants in Ethiopia.

The event was organized with the Ethiopian Capital Market Authority (ECMA), Ethiopian Investment Holdings (EIH) and Dangote Group. It brought together regulators, company representatives, transaction advisers and investors to explain the offering and how eligible participants can take part.

The offer comprises up to 4.1 billion ordinary shares at ₦525 per share, targeting about ₦2.15 trillion (around US$1.6 billion). The company has described it as the largest IPO in African history. The offer opened on 14 September 2026 and applications close on 27 October 2026. The shares are intended to be listed on the Nigerian Exchange, subject to applicable approvals and processes.

Yodit Kassa, CEO of ESX, welcomed participants and spoke about the importance of linking Ethiopia’s developing capital market with investment opportunities across Africa. Dagmawit Shiferaw, Director General of ECMA, briefed attendees on the applicable regulatory framework, the approval status and the role of licensed intermediaries. Murat Erden, Group Chief Financial Officer of Dangote Industries Limited, presented the key details of the offering. United Capital Group, a Joint Issuing House, outlined how Ethiopian investors can participate. The programme ended with a question-and-answer session with Dangote Group representatives and transaction advisers.

The roadshow highlighted the potential for cross-border investor engagement and the role of capital markets in mobilizing investment for businesses operating across Africa. It gave qualified Ethiopian investors a chance to see how a major African industrial company is raising capital and to understand the procedures and requirements for taking part.

Dangote Group already operates in Ethiopia through its cement plant at Mugher in Oromia. It has also been pursuing a fertilizer complex in Gode, Somali Region, in partnership with Ethiopian Investment Holdings.