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National Oil Sh108 billion stake sale faces longer delay

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Business Daily | by Brian Ngugi

Kenya’s plans to raise $1 billion (Sh108 billion) through the sale of a stake in the National Oil Corporation of Kenya (Nock) face longer delay, with the government remaining non-committal on the expected conclusion date of the deal whose proceeds are meant to acquire a stake in the Turkana oil blocks.

In November 2017, the Energy ministry disclosed that it was seeking to list its oil firm on the Nairobi and London stock exchanges by early 2019 through…

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