Oil and Gas
Oil and gas investments have historically provided a useful diversifier against the overall economy. When gas prices rise, economies tend to slow. This could cause the rest of your stocks and funds to stumble. But when oil and gas prices rise, oil and gas stocks tend to rise with them. An exposure to oil and gas stocks can help insulate your portfolio against economic slowdowns caused by oil shocks
Oil & Gas in Africa
When compared to other regions of the world, especially developing areas in Latin America, the Middle East and Asia, Africa has the lowest energy consumption per person.
Today, the situation is changing very rapidly. At a growth rate of 4.1 percent, the consumption of energy per person in Africa is growing faster than anywhere else in the world.
As long as the demand for more energy continues to grow on our continent, the oil and gas business will continue to boom and become more lucrative. We shall now look at a couple of reasons for the growing demand for energy in Africa.