NAIROBI (Reuters) - Tullow Oil has found more oil in a well it is drilling in Kenya and plans to drill another well in an adjacent block later this year, the Africa-focused British firm said on Monday. Tullow said in March it had struck oil in the well in northern Kenya, the country's first-ever oil discovery. Kenya and its neighbours in east Africa, as well as the Horn of the continent, have become a hot spot for oil and gas exploration in recent years, spurred by new finds in countries including Uganda, Tanzania and Mozambique. ...

MAPUTO (Reuters) - Mozambique's central bank cut its key lending rate by 25 basis points to 13.5 percent on Friday to aid economic growth, saying recent inflation trends gave it room to make the move. "The Monetary Policy Committee noted that Mozambique's main economic and financial indicators have been evolving in line with the targets set for this year," it said in a statement. Inflation in the southern African country braked sharply to 3.81 percent year-on-year in March from around 15 percent a year ago. ...

NAIROBI (Reuters) - African nations joining the elite club of oil and gas producers should invest in education and roads while supporting traditional sectors to avoid the "oil curse" trap, the head of the African Development Bank said. Ghana, Kenya, Mozambique, Tanzania and Uganda have all discovered oil and gas in recent years, thrusting them into a crossroads between following the likes of diamond-rich Botswana into prosperity or the likes of Nigeria into over-dependence on oil. ...