Nigerian Exchange Group Plc (NGX Group) and its partners are strengthening cross-border investment collaboration amongst African capital markets through engagements in Egypt and Ethiopia linked to the Dangote Petroleum Refinery and Petrochemicals FZE offer.
According to data equipped by NGX Group, the engagements occurred in Cairo and Addis Ababa on Thursday, October 15, 2026.
The discussions targeted on how market infrastructure and institutional partnerships may enhance investment entry throughout the continent and mobilise African capital for industrial improvement.
NGX Deepens Cross-Border Investment
The engagements have been hosted in Cairo by the Egyptian Exchange (EGX), in collaboration with the African Export-Import Bank (Afreximbank), and in Addis Ababa by the Ethiopian Securities Exchange (ESX).
They introduced collectively change leaders, monetary establishments and different capital market stakeholders to discover sensible approaches to bettering market connectivity, broadening investor participation and mobilising African capital for productive investment.
Temi Popoola, Group Managing Director and Chief Executive Officer of NGX Group, highlighted longstanding structural boundaries that restrict investment flows throughout African markets.
He famous that the continent has substantial swimming pools of institutional capital, however stronger market infrastructure and cooperation are wanted to attach these sources with investment alternatives throughout nationwide borders.
- Popoola mentioned: “Africa has substantial capital inside its personal markets, significantly throughout pension funds and insurance coverage corporations. The problem is how one can join that capital to investment alternatives throughout the continent.
- “The Dangote Refinery offer provides a practical opportunity to address some of the infrastructure barriers to cross-border investment. Beyond a single transaction, it is about creating connections that enable African capital to finance African growth.”
Aliko Dangote, President and Chief Executive of Dangote Industries Limited, described the refinery for instance of the dimensions of business investment required to strengthen Africa’s productive capability, cut back dependence on imports and help long-term financial progress. He additionally recommended NGX Group for bringing African exchanges collectively across the initiative and acknowledged the collaborating exchanges for his or her collaboration.
NGX Group Chairman Alhaji (Dr.) Umaru Kwairanga pressured the necessity for sustained institutional cooperation and market infrastructure that makes cross-border investment extra accessible and environment friendly.
- “Our task is not simply to collaborate around one offer, but to develop lasting partnerships that support cross-border investment and capital formation across Africa. This requires cooperation among exchanges, regulators, financial institutions and businesses, alongside investment in the infrastructure and technology that make participation more accessible,” Kwairanga mentioned.
African Exchanges Explore Investment Channels
At the Cairo engagement, Omar Radwan, Executive Chairman of EGX, highlighted the potential for devices similar to Egyptian Depositary Receipts (EDRs) to offer a channel through which Egyptian buyers may entry chosen African companies. He expressed EGX’s readiness to work with Dangote Industries to discover a doable framework for such an association.
Dr. George Elombi, President and Chairman of Afreximbank, reaffirmed the financial institution’s longstanding financing relationship with Dangote Industries and its dedication to supporting African industrial improvement. He highlighted the significance of mobilising African investment in direction of enterprises able to contributing to the continent’s financial transformation.
In Addis Ababa, discussions targeted on increasing investment alternatives for Ethiopian buyers and strengthening Ethiopia’s participation in Africa’s evolving capital market panorama.
Yodit Kassa, Chief Executive Officer of ESX, welcomed the engagement, noting its significance for Ethiopian buyers and the nation’s rising capital market.
- “The Dangote Petroleum Refinery offer represents an important opportunity for Ethiopian investors to participate in the growth of one of Africa’s leading industrial enterprises. It also reflects the growing confidence in Ethiopia’s capital market and our readiness to work with leading institutions across the continent,” Kassa mentioned.
The discussions additionally highlighted sensible necessities for cross-border participation, together with regulatory recognition, distribution, investor verification, settlement, custody and entry to dependable data.
The offer supplies a chance for exchanges, regulators, intermediaries and monetary expertise platforms to handle these concerns and discover workable options inside their respective regulatory frameworks.
NGX Group mentioned it remained dedicated to working with associate exchanges and monetary establishments to strengthen market infrastructure, broaden cross-border investment entry and advance collaboration amongst African capital markets.
What it’s best to know
Earlier in October 2026, NGX Group and the Nairobi Securities Exchange (NSE) superior efforts to deepen cross-border collaboration, as Nigerian and Kenyan market stakeholders met in Nairobi to discover methods to strengthen connections between their markets and throughout Africa.
- Speaking at a high-level investor engagement hosted by NSE for the Dangote Petroleum Refinery IPO, Aliko Dangote recommended Kwairanga and Popoola for his or her function in advancing collaboration amongst African capital-market establishments.
- Dangote mentioned stronger cooperation amongst African exchanges may create alternatives for corporations to entry capital throughout a number of African markets quite than limiting their capital-market presence to their residence international locations.
- He cited the deliberate Dangote refinery in Mokowe-Lamu for instance of the alternatives that would emerge from stronger integration, suggesting that corporations working throughout the continent ought to be capable to contemplate listings in a couple of African market.
The newest engagements in Cairo and Addis Ababa prolong the initiative to further markets, with discussions targeted on sensible methods to attach buyers with companies and channel African financial savings into productive enterprises throughout the continent.
