CPF CAPITAL & ADVISORY CONNECTS REGIONAL INSTITUTIONAL CAPITAL TO DANGOTE IPO

PRESS RELEASE

Nairobi, 6 October 2026 – CPF Capital & Advisory is working directly with Rand Merchant Bank Nigeria Limited (RMB Nigeria) to give regional institutional investors access to the Dangote Petroleum Refinery & Petrochemicals (DPRP) Initial Public Offering, following the Capital Markets Authority’s (CMA) approval for eligible Kenyan investors to participate in the offering.

CPF Capital is among the licensed firms the regulator has confirmed as facilitating client participation through correspondent arrangements with authorised transaction parties in Nigeria.

The approval gives Kenyan investors a regulated route into a landmark African listing and strengthens Kenya’s position as a hub for cross-border capital raising.

“Africa does not lack capital. Our role in this transaction reflects our commitment to deepening African capital markets and mobilising institutional capital across borders, so that African investors play a meaningful role in directing capital towards transformative businesses and projects across our continent,” said Dr Hosea Kili, Group Managing Director, CPF Group.

“Our collaboration with Rand Merchant Bank Nigeria Limited (RMB Nigeria) provides institutional investors with a credible and well-structured route to participate in this landmark African transaction. At CPF Capital, we are building a regional capital markets and investment advisory platform that connects African capital with African opportunities. Our ambition is to strengthen these connections and help mobilise institutional capital towards the businesses and projects that will shape Africa’s economic future,” said Mercy Thuo, Executive Director, CPF Capital Kenya.

The DPRP IPO opened on 14 September 2026 and closes on 13 October 2026. It relates only to Dangote Petroleum Refinery & Petrochemicals FZE in Nigeria, and not to the proposed Dangote refinery project in Lamu County.

CPF Capital will continue to work alongside regulators and regional partners to widen African investors’ access to transactions shaping the continent’s economic future.

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For more information, please contact:

Timothy Kairu

Mobile: +254 722551571

E-Mail: DangoteIPO@cpf.or.ke

NOTES TO THE EDITOR

ABOUT CPF CAPITAL AND ADVISORY

CPF Capital & Advisory is the capital markets and investment advisory platform of CPF Group, with capabilities spanning investment banking, capital markets advisory, project finance and capital raising, transaction and PPP advisory, REIT management and alternative investments.

With a growing regional presence, including its investment banking platform in Rwanda, CPF Capital works with corporates, institutional investors, governments and project sponsors to mobilise capital, structure transactions and facilitate investment across African markets.

The firm brings together regional market expertise, institutional relationships and transaction execution capabilities across equity and debt capital markets, project and infrastructure finance, mergers and acquisitions, structured transactions, PPPs, REITs and alternative investments.

CPF Capital is focused on connecting African capital with African opportunities and strengthening the flow of institutional capital across the continent, supporting transactions that contribute to sustainable economic growth and transformation.