Ethiopia Sets 10 Million Birr Net Worth Requirement for Dangote Refinery Shares

The Ethiopian Capital Market Authority (ECMA) has established a new financial requirement for investors interested in purchasing shares of the Dangote Oil Refinery Company. Prospective buyers must possess a minimum net worth of 10 million birr to qualify for the offering. This calculation excludes the value of one primary residential property and one vehicle owned by the investor. The regulatory body has specifically limited participation to qualified investors, effectively excluding retail buyers from this investment opportunity. This move aims to regulate the entry of Ethiopian capital into the refinery's share acquisition process.