NGX Group and Botswana Stock Exchange drive African cross-border investment

The Nigerian Exchange Group (NGX Group), the Botswana Stock Exchange (BSE), and Access Bank are collaborating to facilitate cross-border investment through a roadshow for the Dangote Petroleum Refinery & Petrochemical FZE. The initiative focuses on the issuance of Botswana Depository Receipts (BDRs), which allow investors in Botswana and the Southern African region to gain exposure to the refinery’s ordinary shares without trading on the company’s home market.

During investor engagements in Gaborone and Nairobi, leadership from Dangote Industries Limited and the BSE emphasized the importance of strengthening ties between African capital markets. The goal is to enable companies to raise capital across multiple markets and promote African ownership of strategic industrial sectors. The project is supported by the Committee of SADC Stock Exchanges (CoSSE) to encourage regional participation and enhance energy security and economic growth through improved financial infrastructure.