🇳🇬 Nigeria — Primary Listing
Nigeria is where the IPO starts. The primary listing on the NGX is the main event — and Nigerian retail investors have the most direct access.
4 Officially Appointed Brokers
Zedcrest Securities · Stanbic IBTC · Vetiva Securities · FirstCap Securities. Only these 4 submit applications directly to the issuing house.
How to Invest from Nigeria
Open a Brokerage Account
Download your chosen broker's app. Upload BVN, NIN, and passport photo. Account opens within 1–2 days.
Get Your CHN & CSCS Number
Your broker will assign your Clearing House Number (CHN) and CSCS account. These are required for your application to be valid.
Fund Your Wallet
Transfer money into your brokerage wallet before the subscription window opens. The funds must be there before you apply.
Apply During the Window
When the window opens in September, submit your application through your broker's app. Apply early.
Receive Allotment
Shares are credited to your CSCS account. Unallotted funds are refunded within 4–8 weeks.
🇿🇦 South Africa — JSE Secondary Listing
Africa's richest country and most sophisticated stock market. The JSE secondary listing opens the Dangote IPO to South African investors and institutions.
Why South Africa?
The JSE is Africa's largest stock exchange by market cap. South African investors manage the continent's biggest pension funds. Institutional interest in the Dangote IPO from SA is enormous.
Open a JSE-Registered Broker Account
Use any FSP (Financial Services Provider) licensed by the FSCA. Major JSE brokers include EasyEquities, Sanlam, and PSG Securities.
Watch for the JSE Listing Announcement
The JSE secondary listing terms will be announced alongside the NGX primary listing. Pricing will be in Rand at the equivalent rate.
Subscribe Through Your SA Broker
Applications can be submitted through your JSE broker's platform during the same subscription window.
🇰🇪 Kenya — NSE Secondary Listing
East Africa's financial capital. Kenya brings institutional muscle — with up to $500M expected from Kenyan pension funds and investment institutions alone.
Kenya's Investor Appetite is Real
Kenyan institutions are committing up to $500M to the Dangote IPO. The M-Pesa generation is digitally active and investing-savvy. Retail participation from Kenya is expected to be significant.
Open an NSE-Licensed Broker Account
Use any CMA-licensed stockbroker. Major Kenyan brokers include Faida Investment Bank, SBG Securities, and AIB-AXYS Africa.
Get a CDS Account
Central Depository System (CDS) is Kenya's equivalent of Nigeria's CSCS. You need this account for shares to be credited after allotment.
Subscribe During the Window
When the NSE listing terms are announced, apply through your Kenyan broker's platform.
🇬🇭 Ghana — GSE Secondary Listing
The Dangote Refinery already supplies Ghana's fuel. Now Ghanaians can own a piece of it. The GSE secondary listing gives Ghana direct access to this historic opportunity.
Ghana's Direct Connection
The Dangote Refinery already exports refined petroleum products to Ghana. Every time fuel is pumped in Ghana, Dangote earns revenue. Ghanaian investors can now own a share of those earnings.
Open a GSE-Licensed Broker Account
Use any SEC Ghana-licensed broker. Major Ghanaian brokers include Databank, CDH Securities, and IC Securities.
Get a CSD Account
Ghana's Central Securities Depository (CSD) account is required to hold shares. Your broker will help you set this up.
Subscribe During the Window
Watch for the GSE listing announcement and apply through your Ghanaian broker.
🇪🇹 Ethiopia — ESX Secondary Listing
Africa's second most populous country now has its own stock exchange. The Ethiopian Securities Exchange (ESX) launched in 2024 and the Dangote IPO is one of its first major international listings.
A Historic First for Ethiopia
The ESX is brand new. The Dangote IPO listing on the ESX is among the first major international offerings on this exchange — putting Ethiopia on the African capital markets map.
Monitor ESX Announcements
ESX is new — watch their official channels for Dangote listing updates and broker appointment announcements.
Open an ESX Broker Account
ESX-licensed brokers include Orbit Securities and other newly licensed firms. The market is developing fast.
Subscribe When the Window Opens
Ethiopian investors will be able to apply during the same window as other African countries.
🌍 BRVM — 8 West African Countries
The Bourse Régionale des Valeurs Mobilières serves 8 French-speaking West African nations through one shared exchange. The Dangote IPO brings a major Anglophone company to Francophone Africa.
8 Countries, 1 Exchange
Senegal · Côte d'Ivoire · Burkina Faso · Mali · Niger · Togo · Benin · Guinea-Bissau. The BRVM connects over 130 million West Africans to this single IPO opportunity.
Open a BRVM-Licensed Broker Account
Use any CREPMF-licensed Société de Gestion et d'Intermédiation (SGI). Major SGIs include NSIA Finance, Coris Bourse, and Hudson & Cie.
Get a BRVM Investor Account
Your SGI will open a Dépositaire Central / Banque de Règlement (DC/BR) account to hold your shares electronically.
Subscribe in FCFA
Pricing will be converted to CFA Franc. Apply through your SGI during the subscription window.