Dangote Pauses Kenya Refinery Construction Amid Court Order, Signs $300m Honeywell Deal

How it unfolded

Every source in the order it published.

1. 9 Sept, 14:26businessinsider.comAfrica’s largest refinery is going public. Here’s how to buy its shares for about $4
2. 9 Sept, 18:01businessinsider.comDangote refinery cuts $570 million in debt as it prepares for biggest African IPO
3. 11 Sept, 08:37businessinsider.comDangote refinery buys 16 million barrels of Nigerian crude as Iran war tightens global oil supply
4. 11 Sept, 08:37africa.businessinsider.comDangote refinery buys 16 million Nigerian barrels as Iran war tightens global oil supply
5. 11 Sept, 09:19businessinsider.comAfrica's biggest refinery discloses 14 pending cases, with nine involving $216 million and N4.08 billion in claims before record IPO
6. 11 Sept, 14:10businessinsider.comDangote lists 40 approved banks, fintechs and mobile operators for Nigerians to buy refinery IPO shares
7. 12 Sept, 16:51businessinsider.comDangote set to seal vessel deals with world’s No. 1 shipbuilding country as group targets 1,800 vessel calls a year
8. 13 Sept, 18:36businessinsider.comAfrica’s richest man says refinery shares could rise nineteenfold, but that would value the company near $1 trillion
9. 14 Sept, 05:31Bloomberg MarketsDangote's Fortune Set to Jump $23 Bln on Refinery IPO
10. 14 Sept, 08:00africa.businessinsider.comMeet the powerful African king Aliko Dangote credits with making his $20 billion oil refinery a reality ahead of Africa’s biggest IPO
11. Show 75 later sources

    1. 14 Sept, 08:00businessinsider.comMeet the powerful Nigerian king Dangote credits with making his $20 billion oil refinery possible ahead of Africa’s biggest IPO
    2. 14 Sept, 08:10businessinsider.comDangote could add $23 billion to his fortune and join the World’s richest elite
    3. 14 Sept, 09:35businessinsider.comDangote launches ₦2.15 trillion IPO with 4.1 billion new ordinary shares as net worth could jump to $58 billion
    4. 14 Sept, 10:09Bloomberg TechnologyDangote Refinery IPO Demand Crashes Nigerian Trading App Bamboo
    5. 14 Sept, 10:21Bloomberg MarketsAfrica's Richest Man Set for $23 Billion Jump in Fortune on IPO
    6. 14 Sept, 10:51businessinsider.comMore than $7 million poured into Dangote Refinery’s $1.6 billion IPO within its first hour
    7. 14 Sept, 10:55Breaking news from AFRICA, Maghreb and Sub-Saharan AfricaNigeria's Dangote refinery launches continent's biggest IPO
    8. 14 Sept, 12:38The Guardian BusinessAfrica’s richest man aiming to make $23bn from continent’s biggest-ever IPO
    9. 14 Sept, 13:00Bloomberg.comNext Africa: IPO Catapults Nigeria’s Dangote Up the Ranks of Ultra-Wealthy
    10. 14 Sept, 13:21businessinsider.comDangote IPO rush crashes Bamboo app, one of 40 approved platforms, as investors scramble for refinery shares
    11. 14 Sept, 14:12Deutsche WelleAfrica's richest man Dangote's IPO out of reach in Nigeria
    12. 14 Sept, 14:12Deutsche WelleIPO 'for the people' is out of reach for many in Nigeria
    13. 14 Sept, 14:12Deutsche WelleNigeria: What's the real motivation behind Dangote's IPO 'for the people?'
    14. 14 Sept, 14:52businessinsider.comHow Dangote Refinery’s $49 billion valuation compares with global refining giants
    15. 14 Sept, 14:59businessinsider.comAfrica’s richest man plans US listing for $49 billion Dangote Refinery within four years
    16. 14 Sept, 15:11businessinsider.comDangote offers retail investors two free refinery shares for holding IPO stake over two years
    17. 14 Sept, 16:00Bloomberg.comAfrica’s Richest Aliko Dangote Eyes $23 Billion Boost from Refinery IPO
    18. 14 Sept, 20:31Breaking news from AFRICA, Maghreb and Sub-Saharan AfricaNigerian oil refinery Dangote aims to raise 1.6 billion dollars
    19. 14 Sept, 20:46France 24 - International breaking news, top stories and headlinesNigeria's Dangote refinery kicks off blockbuster IPO
    20. 15 Sept, 00:05France 24 - International breaking news, top stories and headlinesNigeria's Dangote refinery launches biggest African IPO
    21. 15 Sept, 00:05France 24 - International breaking news, top stories and headlinesNigeria's Dangote refinery launches biggest African IPO for retail investors
    22. 15 Sept, 00:05France 24 - International breaking news, top stories and headlinesDangote refinery launches Africa’s biggest IPO for retail investors
    23. 15 Sept, 04:00News FeedThe $1.6bn IPO that could draw millions of Nigerians to the stock market
    24. 15 Sept, 06:00africa.businessinsider.comDangote Refinery IPO reveals little-known Cayman Islands firm behind a $3.2 billion ownership stake
    25. 15 Sept, 13:25businessinsider.comInvestor stampede for Dangote Refinery shares crashes another of Nigeria’s most popular investment apps as Africa’s biggest IPO takes off
    26. 15 Sept, 15:03businessinsider.comDangote says $75 could make investors millionaires in two years as Africa’s biggest IPO draws massive demand
    27. 15 Sept, 15:47businessinsider.comDangote reveals the business mistake that cost him billions 30 years ago after Chinese and Indian imports left nearly 8,000 workers jobless
    28. 15 Sept, 18:21businessinsider.comAfrica’s wealthiest man opens door to selling more refinery shares as he targets 10 million investors
    29. 16 Sept, 05:00africa.businessinsider.comAfrica’s largest refinery fills Europe’s fuel gap as first-half profit reaches $1.82 billion
    30. 16 Sept, 18:00businessinsider.comPopular Nigerian presidential candidate backs Dangote’s ₦2.15tn refinery IPO as investors scramble to own a stake in Africa’s biggest refinery
    31. 17 Sept, 16:58businessinsider.comDangote’s failed bets: Here are the businesses Africa’s richest man had to shut down on his way to building Africa’s largest refinery
    32. 18 Sept, 17:20africa.businessinsider.comIf you can raise $22bn, build your own refinery — Emir Sanusi hits back at critics calling Africa's richest man a monopolist
    33. 20 Sept, 10:00News FeedDangote IPO is a test for African capitalism
    34. 20 Sept, 17:49Bloomberg MarketsAliko Dangote on Investing in Africa
    35. 20 Sept, 19:51Bloomberg MarketsDangote Refinery Seeks New York Listing After 2029 Expansion
    36. 21 Sept, 07:59businessinsider.comDangote Refinery’s private placement drew $3.7 billion. Here’s why Dangote took only $2.5 billion
    37. 21 Sept, 09:02Al Jazeera – Breaking News, World News and Video from Al JazeeraAliko Dangote: Refining Nigeria’s oil, helping Africa, and creating wealth
    38. 21 Sept, 18:00africa.businessinsider.comDangote expands world’s largest single-train refinery with 4,000 new machines as capacity targets 1.4 million barrels per day
    39. 21 Sept, 20:45africa.businessinsider.comDangote discloses plan to pull 600 million Africans out of darkness with a plan worth over $10 billion and willingness to sacrifice some of his businesses
    40. 22 Sept, 04:44businessinsider.comDangote’s proposed $15 billion Kenya refinery enters critical stage as Ruto pushes towards groundbreaking
    41. 22 Sept, 06:15Al Jazeera – Breaking News, World News and Video from Al JazeeraNigeria’s refining revolution has a monopoly problem
    42. 22 Sept, 06:19businessinsider.comAliko Dangote plans 2028 IPO for fertiliser business targeting world’s biggest status and 40% of Africa’s demand
    43. 22 Sept, 07:11businessinsider.comNigerian bank offers customers $20,000 loans to buy shares in Dangote’s record $1.6 billion refinery IPO
    44. 22 Sept, 08:14businessinsider.comAliko Dangote plans more than $3.5 billion, 2,650km fuel pipeline network across Southern Africa
    45. 22 Sept, 11:56Bloomberg MarketsDangote Hires Engineers India for $16 Billion Kenya Refinery
    46. 22 Sept, 18:30businessinsider.comDangote describes crossing ‘an atlantic ocean’ as the death of a manager, hostile land, frozen cash, and a doubtful government hindered his $20 billion refinery
    47. 22 Sept, 18:45businessinsider.comEngineers India wins $450 million deal for Dangote’s 700,000-bpd Kenya refinery after helping build Africa’s largest refinery
    48. 23 Sept, 10:35Times of IndiaAfrica’s richest man picks Indian PSU for $450 million refinery contract in Kenya
    49. 24 Sept, 11:33Bloomberg MarketsDangote Refinery CEO on Nigeria IPO, Diesel Inventories
    50. 24 Sept, 12:20Bloomberg MarketsDangote, Ethiopia to Invest $660 Million in Pipeline, Storage
    51. 24 Sept, 15:08businessinsider.comAfrica’s richest man and Ethiopia to lay $660 million fuel lifeline, giving the landlocked country a new fuel route
    52. 25 Sept, 08:49Bloomberg.comNext Africa: Will Dangote’s IPO Live Up to The Hype (Podcast)
    53. 25 Sept, 15:10businessinsider.comSame region that rejected Africa’s most ambitious energy project valued at $20 billion from the world’s wealthiest black man signs $7 billion DP World port deal
    54. 26 Sept, 18:05africa.businessinsider.comFirst cargo of 2,930 tonnes of machinery arrives Kenyan port as Dangote begins work on East Africa’s largest refinery
    55. 28 Sept, 10:45businessinsider.comBlown away by the $20 billion Dangote Refinery in Nigeria, Ruto promises that the planned refinery in Kenya will be bigger as he fast-tracks the construction
    56. 28 Sept, 12:07businessinsider.comThree mega-projects backed by Dangote, Turkish investors put $40bn behind East Africa’s Indian Ocean trade ambitions
    57. 28 Sept, 18:29Bloomberg MarketsKenyan Court Pauses Construction of $16 Billion Dangote Refinery
    58. 29 Sept, 06:30Bloomberg MarketsDangote Targets 10 Million Investors With IPO Marketing Blitz
    59. 29 Sept, 07:05businessinsider.comAliko Dangote’s fuel import battle faces a new twist as Nigerian court backs three rival marketers
    60. 29 Sept, 08:42businessinsider.comDangote says Kenya court order won’t derail $16 billion refinery launch but may disrupt site work
    61. 29 Sept, 12:02Bloomberg MarketsDangote Says Kenya Refinery Will Be Listed in Nairobi
    62. 29 Sept, 12:14News FeedDangote’s $16bn oil refinery blocked by Kenyan court
    63. 29 Sept, 13:00Bloomberg.comNext Africa: The Grand Dangote Blitz to Get You to Invest in Refinery IPO
    64. 29 Sept, 18:00africa.businessinsider.comAfrica’s wealthiest billionaire expands energy empire with $16bn Kenya refinery as “enormous” demand hits his $1.6bn IPO
    65. 30 Sept, 04:55africa.businessinsider.comKenya delivers first 40,000-tonne fuel cargo to Rwanda as Dangote prepares $17bn refinery for East African market
    66. 30 Sept, 06:39businessinsider.comAfrica’s richest man commences construction today on East Africa’s $16bn refinery as President Ruto announces project will create 60,000 jobs
    67. 30 Sept, 09:00Bloomberg MarketsHoneywell Gets $300 Million Deal for Dangote Kenya Refinery
    68. 30 Sept, 13:32businessinsider.comMeet Samaila Zubairu, the former Dangote executive and AFC boss who helped connect Kenya with Africa’s wealthiest man for a $17bn refinery
    69. 30 Sept, 15:09FortuneA $16 billion oil refinery is coming to East Africa with capacity for 700,000 barrels a day
    70. 30 Sept, 15:11Deutsche WelleAfrican leaders herald $16B Dangote oil refinery in Kenya
    71. 30 Sept, 21:20businessinsider.comAfrica’s richest man picks US firm Honeywell for $300 million Kenya refinery deal
    72. 2 Oct, 07:11businessinsider.comNigerian businessman Tony Elumelu makes fresh $71 million move for oil company he is set to chair
    73. 2 Oct, 08:00businessinsider.comWhile the world shifts from fossil fuels to EVs, Africa’s richest man is building a $16bn refinery in a country that barely produces oil
    74. 2 Oct, 09:23Bloomberg MarketsDangote’s $16 Billion Refinery Faces Fresh Kenya Legal Challenge
    75. 2 Oct, 11:08businessinsider.comDangote’s $16bn Kenya refinery creates 1million-tonne cement opportunity for local rival