Kenyan taxpayers will have a chance to buy back up to a 35 per cent stake in the two Turkana oil blocks with the bulk of the country’s reserves using the proceeds of a planned initial public offering of State-owned National Oil Corporation (NOCK) shares on the Nairobi and London stock exchanges.
The government is planning to raise up to $1 billion (Sh103 billion) from the dual listing expected in early 2019, with NOCK having advertised for a consultant to guide the deal.
