Nigeria: Dangote to Finance 700,000bpd Kenya Refinery With IPO, Bonds

[Leadership] Dangote Group, has unveiled plans to finance the construction of a proposed 700,000 barrels-per-day (bpd) oil refinery in Kenya through a combination of internally generated cash, bond issuance and proceeds from a planned Initial Public Offering (IPO), as it deepens its footprint in Africa's downstream oil sector.