NGX Group Promotes African Investment via Dangote Refinery

Nigerian Exchange Group Plc (NGX Group) and its partners are advancing cross-border investment collaboration among African capital markets through discussions held in Cairo, Egypt, and Addis Ababa, Ethiopia. The engagements, hosted by the Egyptian Exchange (EGX) and the Ethiopian Securities Exchange (ESX), focused on improving investment access and market infrastructure, using the Dangote Petroleum Refinery and Petrochemicals FZE offer as a practical example.

Temi Popoola, Group Managing Director/Chief Executive Officer of NGX Group, emphasized the need to overcome structural barriers limiting investment flows across African markets. He noted the continent's substantial institutional capital and the necessity for stronger market infrastructure to connect this capital with investment opportunities.

Aliko Dangote, President and Chief Executive of Dangote Industries Limited, highlighted the refinery as a significant industrial investment that could enhance Africa's productive capacity. Alhaji Umaru Kwairanga, Group Chairman of NGX Group, stressed the importance of sustained cooperation and infrastructure development for effective cross-border investment.