From Reuters

Barclays Bank Kenya has signed a $13 million financing deal with a unit of British oil explorer Marriot Drilling for a rig for work in Kenya, which has attracted attention after oil discoveries last year.

East Africa has become a hotbed of exploration after oil discoveries in Kenya and Uganda and huge gas finds in Tanzania and Mozambique. Kenya is in the process of determining the commercial viability of its oil resources.

The bank, controlled by Barclays Plc, said the financing deal would span five years.

Read more at Reuters.