British oil prospecting firm Delonex Energy, which opened its - TopicsExpress

British oil prospecting firm Delonex Energy, which opened its regional headquarters in Nairobi last month, is set to get $60 million (Sh5.2billion) funding from the International Finance Corporation (IFC). Part of the cash will finance Delonex’s operations in Kenya, according to disclosures made by IFC in a statement announcing the intended cash boost. The funding for Delonex by the World Bank’s private lending arm is a strong indication that Kenya’s recently discovered oil deposits could be commercially viable. Via businessdailyafrica/British-oil-firm-gets-Sh5-2bn-funding-for-Kenyan-operations--/-/539552/1910106/-/h6e0vk/-/index.html

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