Aliko Dangote plans to sell about 10% of his oil-refining company on multiple African stock exchanges to help fund the next phase of the tycoon’s business empire. 

The IPO comes nearly five decades after a landmark share sale in Asia that went on to mint the continent’s richest person. In 1977, Dhirubhai Ambani sold shares in Reliance to thousands of domestic investors and reshaped equity culture in India. In this special episode of the Next Africa podcast, we ask whether Dangote could spark a similar transformation in Africa.

Bloomberg’s Managing Editor for Africa, Arijit Ghosh and our Abuja based reporter Nduka Orjinmo join Jennifer Zabasajja to discuss what we know about the IPO, why Ambani’s IPO in 1977 was such a game changer and what needs to happen if Dangote is to have the same effect.

For more stories from the region, subscribe to the Next Africa newsletter here

Aliko Dangote plans to sell about 10% of his oil-refining company on multiple African stock exchanges to help fund the next phase of the tycoon&rsquo;s business empire.&nbsp;
The IPO comes nearly five decades after a landmark share sale in Asia that went on to mint the continent&rsquo;s richest person. In 1977, Dhirubhai Ambani sold shares in Reliance to thousands of domestic investors and reshaped equity culture in India. In this special episode of the Next Africa podcast, we ask whether Dangote could spark a similar transformation in Africa.
Bloomberg&rsquo;s Managing Editor for Africa, Arijit Ghosh and our Abuja based reporter Nduka Orjinmo join Jennifer Zabasajja to discuss what we know about the IPO, why Ambani&rsquo;s IPO in 1977 was such a game changer and what needs to happen if Dangote is to have the same effect.
For more stories from the region, subscribe to the Next Africa newsletter <a href="https://www.bloomberg.com/account/newsletters/next-africa">here</a>

Each week, Jennifer Zabasajja provides a deep dive into the business stories that shape Africa. Join Jennifer and our Bloomberg reporters as they lift the lid on the news driving the continent. 

Each week, Jennifer Zabasajja provides a deep dive into the business stories that shape Africa. Join Jennifer and our Bloomberg reporters as they lift the lid on the news driving the continent.

Inside the stories shaping the world’s fastest-growing continent.

Next Africa

Next Africa is a weekly podcast about where Africa is going and why it matters to everyone.

Each episode tells a story from the continent and follows it through real life, business, politics and culture. From electricity and climate to jobs, migration, technology, sport and music, the podcast looks at the forces shaping daily life and how those changes connect to the wider world.

The show covers challenges and breakthroughs side by side. It explains the impact of energy shortages and climate risk, but also the rise of new industries, creative economies and young entrepreneurs. Stories are reported on the ground and told with clarity, combining data, context and lived experience.

Hosted by Jennifer Zabasajja and built on original journalism from reporters on the ground, Next Africa puts local voices at the centre of the story, delivering clear, factual reporting without cliché or assumption.

Whether you live on the continent or want to better understand a region shaping the future, Next Africa offers insight, perspective and stories worth listening to.

Next Africa is a weekly podcast about where Africa is going and why it matters to everyone.
Each episode tells a story from the continent and follows it through real life, business, politics and culture. From electricity and climate to jobs, migration, technology, sport and music, the podcast looks at the forces shaping daily life and how those changes connect to the wider world.
The show covers challenges and breakthroughs side by side. It explains the impact of energy shortages and climate risk, but also the rise of new industries, creative economies and young entrepreneurs. Stories are reported on the ground and told with clarity, combining data, context and lived experience.
Hosted by Jennifer Zabasajja and built on original journalism from reporters on the ground, Next Africa puts local voices at the centre of the story, delivering clear, factual reporting without clich&eacute; or assumption.
Whether you live on the continent or want to better understand a region shaping the future, Next Africa offers insight, perspective and stories worth listening to.

Could Dangote's Stock Listing Transform African Investing?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9760d16e-8857-484b-b887-b43600b87835/transcript