While admittedly one of the riskiest places to invest, Africa has some seriously exciting gas and oil prospects, according to Andrew Monk, chief executive officer at VSA Capital Group.
In an interview with Bloomberg TV, Monk spoke of big opportunities in spite of potential risk:
“If you look at a risk map of the world, Africa is one of the riskiest nations there is. But it's also one of the most exciting prospects for oil and gas at the moment. In eastern Africa, there are some amazing finds being made – in particular in gas – some huge gas fields in Tanzania and Mozambique.”
He also sees some opportunities in Nigeria and Namibia once current tensions dissolve.
“Wherever there is oil, there is tension – just because its so valuable. I don't think one should be too concerned by it all,” he added.
Watch the whole exchange below:
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