Dangote Industries Limited and the Botswana Stock Exchange (BSE) have commended Nigerian Exchange Group (NGX Group) for bringing African exchanges together to expand cross-border investment opportunities through the ongoing roadshow for the Dangote Petroleum Refinery and Petrochemicals FZE offer.
The commendation came on Wednesday, October 14, 2026, at an investor engagement in Gaborone, following an earlier engagement in Nairobi, Kenya.
The roadshow forms part of NGX Group’s wider initiative to deepen collaboration among African exchanges and widen access to investment opportunities across the continent.
Dangote Group, BSE Commend NGX
Murat Erden, Group Chief Financial Officer of Dangote Industries Limited, commended NGX Group for bringing African stock exchanges together to advance the initiative.
He praised the leadership of Group Chairman Alhaji Umaru Kwairanga and Group Managing Director/Chief Executive Officer Temi Popoola, noting that the effort began with an engagement convened by NGX Group in Lagos in April 2026.
- Erden highlighted the role of digital innovation in broadening access to the offer, citing the addition of WhatsApp to NGX Invest.
- He also acknowledged the partnership between NGX Group and participating exchanges in reaching investors across their respective markets.
Aobakwe Aupa Monyatsi, Chief Executive Officer of the Botswana Stock Exchange, welcomed the collaboration, highlighting the value of partnerships among African exchanges and the opportunity to widen participation by encouraging additional markets to join the initiative.
- NGX Group Chairman Kwairanga said: “Our vision is to build stronger connections among African capital markets, making it easier for businesses to access capital and for investors to participate in opportunities across the continent. The collaboration around the Dangote Refinery offer demonstrates what African exchanges can achieve when we work together towards a shared objective.”
Group Managing Director and Chief Executive Officer Temi Popoola also emphasised the importance of translating continental ambition into practical partnerships.
- He said: “When we began this engagement, our objective was continental: to bring African exchanges together and explore how we can create stronger connections between African capital markets.”
NGX Expands Cross-Border Investment Access
At an earlier engagement in Nairobi, Aliko Dangote, President and Chief Executive of Dangote Industries Limited, commended Kwairanga and Popoola for their efforts to strengthen collaboration among African capital-market institutions.
- He highlighted how stronger ties between exchanges could enable companies to raise capital across multiple markets rather than being limited to their home markets.
- Citing the planned refinery in Mokowe-Lamu, Kenya, as an example, Dangote pointed to the potential for businesses operating across Africa to list in more than one market.
- NGX Invest, NGX Group’s electronic public-offering platform, supports subscriptions through more than 180 distribution channels, including stockbrokers, banks and fintech companies.
- The addition of WhatsApp as an access channel further expands the ways investors can access the offer.
The roadshow continues with engagements at the Egyptian Exchange (EGX) and the Ethiopian Securities Exchange (ESX), extending the initiative’s reach and creating further opportunities for African exchanges to collaborate on cross-border investment.
What you should know
Aliko Dangote had earlier commended the leadership of NGX Group for transforming Nigeria’s capital market.
- He spoke at the Facts Behind the Offer presentation and Opening Gong Ceremony for the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE, held on Monday, September 14, at the Nigerian Exchange in Lagos.
- Reflecting on his tenure as President of the Exchange, Dangote recalled inviting stakeholders to support efforts to position it as a world-class institution.
He credited NGX Group Chairman Alhaji Umaru Kwairanga and Group Managing Director and Chief Executive Officer Temi Popoola with advancing that vision.