Representatives of South Africa’s Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC) have visited the Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited amid growing investor interest in Africa-led industrialisation and strategic infrastructure development.

The visit, disclosed in a statement shared on the official X handle of Dangote Group, on Tuesday, underscored increasing attention from African institutional investors towards projects considered critical to strengthening energy security, industrial capacity, food systems and regional economic resilience across the continent.

According to the company, African investors and institutions are increasingly looking inward to support large-scale infrastructure projects capable of driving sustainable economic growth and accelerating industrial transformation across the region.

The engagement also comes as the refinery moves closer to its planned Initial Public Offering (IPO), which is expected to open up ownership of the facility to a broader pool of investors across Africa.

The company noted that ongoing engagements with major institutional investors reflect growing recognition of strategic infrastructure as a key driver of Africa’s long-term economic transformation and industrial expansion.

The development follows recent regulatory approval by the National Pension Commission allowing Pension Fund Administrators (PFAs) to invest pension assets in the proposed IPO of Dangote Petroleum Refinery & Petrochemicals FZE.

In a circular dated May 13, 2026, and addressed to licensed pension fund operators, the commission said it granted a special dispensation after reviewing the strategic importance and broader economic impact of the planned public offering on both the pension industry and the Nigerian economy.

The planned IPO is expected to involve the sale of about 10 per cent equity in the refinery through what the Dangote Group has described as a pan-African public offering.
South African pension fund eye Dangote refinery ahead of IPO
By Isaac Chibuife

Representatives of South Africa’s Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC) have visited the Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited amid growing investor interest in Africa-led industrialisation and strategic infrastructure development.

The visit, disclosed in a statement shared on the official X handle of the Dangote Group on Tuesday, underscores increasing attention from African institutional investors towards projects considered critical to strengthening energy security, industrial capacity, food systems and regional economic resilience across the continent.

According to the company, African investors and institutions are increasingly looking inward to support large-scale infrastructure projects capable of driving sustainable economic growth and accelerating industrial transformation across the region.

The engagement also comes as the refinery moves closer to its planned Initial Public Offering (IPO), which is expected to open up ownership of the facility to a broader pool of investors across Africa.

The company noted that ongoing engagements with major institutional investors reflect growing recognition of strategic infrastructure as a key driver of Africa’s long-term economic transformation and industrial expansion.

The development follows recent regulatory approval by the National Pension Commission allowing Pension Fund Administrators (PFAs) to invest pension assets in the proposed IPO of Dangote Petroleum Refinery & Petrochemicals FZE.

In a circular dated May 13, 2026, and addressed to licensed pension fund operators, the commission said it granted a special dispensation after reviewing the strategic importance and broader economic impact of the planned public offering on both the pension industry and the Nigerian economy.

The planned IPO is expected to involve the sale of about 10 per cent equity in the refinery through what the Dangote Group has described as a pan-African public offering.