Botswana Exchange, Dangote Laud NGX Group for Cross-Border Collaboration

By Aduragbemi Omiyale

The Nigerian Exchange (NGX) Group Plc has been applauded for bringing African exchanges together to expand cross-border investment opportunities.

The commendation came from Dangote Industries Limited and the Botswana Stock Exchange (BSE).

They praised the Nigerian bourse for galvanising African exchanges around the roadshow for the Dangote Petroleum Refinery and Petrochemicals FZE offer, which began with an engagement convened by NGX Group in Lagos in April 2026.

Speaking on Wednesday at an investor engagement in Gaborone, following an earlier engagement in Nairobi, Kenya, the chief financial officer of DIL, Mr Murat Erden, also highlighted the role of digital innovation in broadening access to the offer, citing the addition of WhatsApp to NGX Invest, and acknowledged the partnership between NGX Group and participating exchanges in reaching investors across their respective markets.

Also, the chief executive of the BSE, Aobakwe Aupa Monyatsi, welcomed the collaboration, highlighting the value of partnerships among African exchanges and the opportunity to widen participation by encouraging additional markets to join the initiative.

At the earlier engagement in Nairobi, Mr Aliko Dangote lauded the leadership of the NGX Group for their role in advancing collaboration among African capital-market institutions.

He highlighted how stronger ties between exchanges could enable companies to raise capital across multiple markets rather than being limited to their home markets. Citing the planned refinery in Mokowe-Lamu, Kenya, as an example, he pointed to the potential for businesses operating across Africa to list in more than one market.

The chairman of NGX Group, Mr Umaru Kwairanga, while speaking, said, “Our vision is to build stronger connections among African capital markets, making it easier for businesses to access capital and for investors to participate in opportunities across the continent. The collaboration around the Dangote Refinery offer demonstrates what African exchanges can achieve when we work together towards a shared objective.”

On his part, the chief executive of the NGX Group, Mr Temi Popoola, said, “When we began this engagement, our objective was continental: to bring African exchanges together and explore how we can create stronger connections between African capital markets.”

NGX Invest, NGX Group’s electronic public-offering platform, supports subscriptions through more than 180 distribution channels, including stockbrokers, banks and fintech companies. The addition of WhatsApp as an access channel further expands the ways investors can access the offer.

The roadshow continues with engagements at the Egyptian Exchange (EGX) and the Ethiopian Securities Exchange (ESX), extending the initiative’s reach and creating further opportunities for African exchanges to collaborate on cross-border investment.