For the first time, investors in Botswana and the participating SADC markets can take part in a landmark African initial public offering from their own exchange. The offering of Dangote Petroleum Refinery & Petrochemicals FZE (“Dangote Refinery”), embraced as “The People’s IPO”, reaches Southern Africa through Botswana Depository Receipts (“BDRs”) issued by Access Bank Botswana Limited as Unsponsored Depository, a first-to-market structure for the Botswana Stock Exchange (“BSE”). The window to join the refinery’s first generation of public shareholders is now in its final days.
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