Aliko Dangote Targets $50 Billion Refinery Valuation in Planned IPO That Could Redraw Africa’s Capital Markets

African billionaire Aliko Dangote is targeting a valuation of up to $50 billion for his Dangote Petroleum Refinery & Petrochemicals ahead of a landmark stock market listing expected later this year, in what could become one of the largest initial public offerings in Africa’s history and a defining moment for the continent’s capital markets.