Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO

Aliko Dangote, Africa's richest person, has launched the continent's largest-ever initial public offering for his Nigerian oil refinery business. The flotation of Dangote Petroleum Refinery and Petrochemicals aims to allow ordinary people to share in the venture's success. If the process proceeds as planned, the billionaire's net worth is expected to increase by $23bn, potentially raising his total wealth from $35bn to nearly $60bn, representing a two-thirds increase in his overall fortune.