NGX Group, partners advance cross-border investment collaboration through Dangote Refinery offer in Egypt, Ethiopia

Nigerian Exchange Group Plc (NGX Group) and its partners are advancing cross-border financial investment cooperation amongst African capital markets, with engagements in Cairo, Egypt, and Addis Ababa, Ethiopia, checking out how market facilities and institutional collaborations can enhance financial investment gain access to throughout the continent.

Utilizing the Dangote Petroleum Refinery and Petrochemicals FZE deal as a useful context, the conversations concentrated on linking financiers throughout jurisdictions and mobilising African capital for commercial advancement.

Hung on Thursday, October 15, 2026, the engagements were hosted in Cairo by the Egyptian Exchange (EGX), in cooperation with the African Export-Import Bank (Afreximbank), and in Addis Ababa by the Ethiopian Securities Exchange (ESX). They united exchange leaders, banks and other capital market stakeholders to check out useful techniques to enhancing market connection, widening financier involvement and mobilising African capital for efficient financial investment.

Speaking throughout the conversations, Temi Popoola, Group Managing Director/Chief Executive Officer of NGX Group, stressed the value of dealing with longstanding structural barriers that restrict financial investment streams throughout African markets. He kept in mind that the continent has considerable swimming pools of institutional capital, however more powerful market facilities and cooperation are required to link these resources with financial investment chances throughout nationwide borders. “Africa has considerable capital within its own markets, especially throughout pension funds and insurer. The obstacle is how to link that capital to financial investment chances throughout the continent.

The Dangote Refinery deal supplies a useful chance to resolve a few of the facilities barriers to cross-border financial investment. Beyond a single deal, it has to do with developing connections that allow African capital to fund African development,” Popoola stated.

Aliko Dangote, President and Chief Executive of Dangote Industries Limited, highlighted the refinery as an example of the scale of commercial financial investment needed to enhance Africa’s efficient capability, minimize reliance on imports and support long-lasting financial development. He stressed the significance of establishing more powerful channels through which African capital can support significant commercial tasks throughout the continent. He likewise applauded NGX Group for its function in bringing African exchanges together around the effort and acknowledged the taking part exchanges for their partnership.

Umaru Kwairanga, Group Chairman of NGX Group, worried that enduring development would depend upon continual institutional cooperation and the advancement of market facilities that makes cross-border financial investment more available and effective. “Our job is not merely to team up around one deal, however to establish long lasting collaborations that support cross-border financial investment and capital development throughout Africa. This needs cooperation amongst exchanges, regulators, banks and companies, along with financial investment in the facilities and innovation that make involvement more available,” Kwairanga stated.

At the Cairo engagement, Omar Radwan, Executive Chairman of the Egyptian Exchange, highlighted the capacity for instruments such as Egyptian Depositary Receipts (EDRs) to supply a channel through which Egyptian financiers might access chosen African organizations. He revealed EGX’s preparedness to deal with Dangote Industries to check out a possible structure for such a plan.

George Elombi, President and Chairman of Afreximbank, declared the bank’s longstanding funding relationship with Dangote Industries and its dedication to supporting African commercial advancement. He highlighted the value of mobilising African financial investment towards business efficient in adding to the continent’s financial improvement.

In Addis Ababa, conversations concentrated on broadening financial investment chances for Ethiopian financiers and reinforcing Ethiopia’s involvement in Africa’s progressing capital market landscape.

Yodit Kassa, Chief Executive Officer of ESX, invited the engagement, noting its significance for Ethiopian financiers and the nation’s growing capital market. “The Dangote Petroleum Refinery deal represents an essential chance for Ethiopian financiers to take part in the development of among Africa’s leading commercial business. It likewise shows the growing self-confidence in Ethiopia’s capital market and our preparedness to deal with leading organizations throughout the continent,” Kassa stated.

The Cairo and Addis Ababa engagements followed previously stops at the Nairobi Securities Exchange and the Botswana Stock Exchange, extending conversations on cross-border financial investment throughout several African markets. The conversations likewise highlighted the useful requirements for cross-border involvement, consisting of regulative acknowledgment, circulation, financier confirmation, settlement, custody and access to trustworthy info. The deal supplies a real-world chance for exchanges, regulators, intermediaries and monetary innovation platforms to resolve these factors to consider and check out convenient services within their particular regulative structures. For getting involved markets, it likewise raises the concern of how regional cost savings can be directed more effectively into efficient business throughout the continent.

NGX Group stays dedicated to dealing with partner exchanges and banks to reinforce market facilities, broaden cross-border financial investment gain access to and advance cooperation amongst African capital markets, adding to the continent’s long-lasting financial and commercial advancement.