Oil Prices: At The Mercy Of Geopolitical Tensions

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Oil Prices: At The Mercy Of Geopolitical Tensions

In 2019, crude oil prices responded to multiple factors affecting supply and demand. This was as swings in crude oil inventories, OPEC+ production cuts, escalating trade tensions and a synchronized slowdown had to push and pull effects on the global commodity. As a result, Brent crude oil prices averaged $64.2/b in 2019, down 10.5% y/y.

Barely three days into 2020, geopolitics took the centre stage, as tensions between U.S. and Iran escalated, following a U.S. airstrike which killed an Iranian General. With the fear of oil assets being caught in the web of inter-country conflict, possible attacks on Middle Eastern U.S. allies or disruption at the Strait of Hormuz, crude prices climbed above $70.0/b levels before settling at $67.8/b. While tensions in the Middle East serve as a short-term positive shock, the recent OPEC+ production cuts give us reasons to believe that oil prices will average or hover around $60-$65/b in 2020 (with a greater probability lying in the mid-value of the band).

On the demand side, decelerating growth in key demand markets (China & India) remains a key cause for concern. Also, with higher oil prices, shale producers are encouraged to pump up supply, creating a potential glut. However, we could see increased tensions and actions that will keep prices at a significantly profitable level.

      United Capital Research

Reuben Abati Asks Questions About New Electricity Tariffs:

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Reuben Abati Asks Questions About New Electricity Tariffs:

The Buhari administration has given Nigerians a most unusual and disturbing New Year Gift, in the form of a proposed increase in electricity tariffs, enforceable from April by the Electricity Distribution Companies (Discos) and to be completed by the end of 2021, with the full backing of the regulator, the Nigerian Electricity Regulatory Commission (NERC). What happened? I am in a state of shock. What we knew, what we saw, before now, indeed what we were told, was that the electricity distribution companies were the weakest links in the electricity supply chain. They were accused of different infractions by the Ministry of Power, the Nigeria Bulk Electricity Trader (NBET) and the NERC which included, failure to abide by the provisions of the National Electricity Power Sector Reform Act (EPSRA), violation in particular of Section 74 thereof; failure to make due remittances to the Bulk Trader resulting in huge debts that had become a problem for the sector, and failure to comply with the metering system.

By October 2019, the NERC had served notice that it was prepared to revoke the licenses of the 11 Discos, should they fail within a 60-day deadline, to give reasons to the contrary in defence of their continued presence in the electricity market. The standard official line was that the Discos were incompetent and ineffective, making the value chain difficult for both the Transmission Company of Nigeria (TCN) and the Generating Companies (GENCOs). The DISCOS insisted that they had done nothing wrong. They complained about (i) the huge cost of doing business in the sector; (ii), the failure of government to enforce cost-reflective tariffs in line with the Multi-Year Tariff Order (MYTO); (iii) electricity theft, (iv) the non-availability of gas due to vandalism, (v) government’s refusal to engage with stakeholders in the sector and (vi) they alleged that government is the biggest debtor in the market due to the refusal of government departments and agencies to pay electricity bills.

The big takeaway for me was the persistent threat by the Federal Government of Nigeria that the DISCOs will be scrapped, or that their licenses will be revoked and re-assigned. It was said quite loudly that the current owners of the licenses got involved in the electricity sector not because they have the technical know-how or the financial muscle, but simply because they were close to the Jonathan administration, which accelerated the power sector reform process. Cast in that shape, the electricity sector became part of the unending navel-gazing, Jonathan-caused-it card that has been consistently played by the Buhari administration.

What is shocking however is that the decision to increase electricity tariffs raises more questions than answers. On the surface of it, the Federal Government and its agents have capitulated to the DISCOs. How and why? At what point did the Federal Government buy into the argument of the DISCOs that the most important challenge in the electricity sector is the payment of cost-reflective tariffs? And how was the 77% increase arrived at, with consumers in the South East having to pay more than the rest of the country? Is this a case of ethnic discrimination? Do consumers under Enugu Disco use more electricity? What formula determined the new proposed rates? Well, they tell us it is all based on “changes in macroeconomic variables and available generation capacity”. Please, what does that mean in common man’s language? We have also been told that the proposed tariff hike is a retrospective adjustment to make up for revenue shortfall for the DISCOs from 2016 -2018. So, should the consumer be punished for the regulator’s failure to respect its own enabling Act?  And by the way, in the last four years, electricity tariffs have increased by about 300%.

What we see is an excessive emphasis on revenue and profit by those in charge of the service delivery sectors of the Nigerian economy in general.  Nobody cares about the consumer. On all fronts, the Nigerian consumer is left unprotected. He or she is perpetually served the short end of the stick and violated without consultation or respect for his or her right to be heard. The electricity sector is one of the most inefficient sectors in Nigeria. The national grid collapsed more than 10 times in the year 2019. Every month, we were told that gas pipelines had been vandalized. The DISCOs complained endlessly that they were having problems, but they were merely giving excuses. The regulator towards the end of the year introduced a compulsory metering policy and urged consumers to get properly metered to avoid the menace of estimated billing and the grand corruption that comes with it The DISCOs resisted the metering policy and virtually either refused to support it or adopted measures to frustrate it. They circumvented the terms of the policy. Today, most consumers of electricity remain unmetered. They do not enjoy efficient service. They are billed on the basis of some nebulous categorization called “status.” What “status”? The owners of  Yola DISCO pleaded force majeure and threw in the towel, but other DISCOs continue to operate without offering the people premium service. This has angered customers across the country. In Benin, the people once carried placards against the electricity distribution company, the BEDC. In other parts of the country, DISCO officials have been beaten up and given a bloody eye.

On top of it all, the proposed increase in electricity tariffs is insensitive to the feelings of electricity consumers. Many Nigerians insist that they are willing to pay for electricity if they get it on a regular basis – for now, we are a nation in darkness. The people want transparency – the pervasive estimated billing system does not promote that, the DISCOs simply charge as they wish on the basis of nebulous factors. The people want meters, but nobody is taking that seriously. The timing and announcement of the proposed increase are also unfair. It is an unkind New Year Gift to a people confronted with a year of more taxes, with Value Added Tax jumping from 5% in 2019 to 7.5% in 2020 along with other taxes under the Finance Act of 2019. Nigerian workers expect that the increase in the new national minimum wage will be fully implemented in the year 2020, but it is obvious as we enter the new year, that the new minimum wage has already been wiped out by increased inflation and taxation. It is ever so convenient for the government to punish the common man. In other countries, governance is aligned with people’s interests and welfare. In Nigeria, our governors seek to inflict pain and punish the people.

The opaqueness in the electricity sector is another problem. It promises to be worse than what we have seen so far in the oil and gas sector and the inefficiency of the oil corporation, NNPC. We are told on one hand that electricity tariffs will go up in April, while at the same time, the regulator announces that the Federal Government will underwrite N544.8 billion Electricity Tariffs Shortfall in 2020. How? Is that a subsidy? And if so, is there a provision for it in the 2020 Budget? N544.8 billion? How was that figure arrived at?

The Federal Government says the intended increase in electricity tariffs is meant to get the sector back on track. Taxing the poor and the impoverished is not the best way to get anything back on track. The electricity sector is in urgent need of a general review and reform, and there are many issues to be addressed. Cost reflective tariffs under the MYTO regime may make the investors happy, but making consumers happier and protecting their interests should be the priority of the government. Will an increase in tariffs translate into efficiency? I doubt. Efficient service delivery is important. Will government agencies, the biggest debtors in the electricity sector now pay their debts? We don’t know. Or has there been a quid pro quo at the people’s expense? Is the government planning to write off the debts of the DISCOs, and forgive their sins? What has happened to the plan to revoke operational licenses in the sector? Too many questions. But that is Nigeria for you. Nothing is ever straight-forward.

Recapitalisation: Six Insurance Companies set to merge

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Recapitalisation: Six Insurance Companies set to merge

Six insurance companies have notified the National Insurance Commission of their plans to merge as part of their efforts to meet the regulator’s recapitalisation requirements.

The Director, Policy and Regulation at NAICOM, Pius Agboola, who spoke to our correspondent, said that some other insurance companies were also looking for partners to merge.

“Only six companies have indicated an interest in mergers and acquisitions out of 44 companies reviewed,” he said.

Agboola noted that NAICOM had barred the regulated entities from borrowing money to meet their recapitalisation requirements.

He said that while some of the companies that borrowed money after the last recapitalisation in the industry were doing well, most of them had been bought over by foreign investors.

According to him, the enhanced capital base would enable the insurance companies to have more capacity to underwrite more risks.

He said, “If any of them wants to bring in money, they must become owners and manage the company together, not give them money and go and sit down and expect them to pay back.

“When they are owners, they will have directors; they know how the company is being run. If the person at the helm of affairs is not doing well, they will fire him and employ another person.”

The Managing Director/Chief Executive Officer, Capital Express Assurance Limited, Mrs Bola Odukale, said that the company was in talks with three companies for acquisition purposes.

The latest summary of the recapitalisation plans of insurance companies obtained from NAICOM showed that most of the companies planned to raise capital through share premium, capitalisation of retained earnings, Initial Public Offerings, right issues and private placement.

Currently, there are 57 insurance companies, comprising 14 specialist life insurance firms, 28 general insurance companies, 13 composite insurance companies and two reinsurance companies operating in the country, according to the Nigerian Insurers Association.

It would be recalled that in 2019, NAICOM raised life insurance companies’ capital from N2bn to N8bn.

General companies got a raise from N3bn to N10bn, while composite insurance companies’ capital was raised from N5bn to N18bn.

The regulator also increased the capital of reinsurance companies from N10bn to N20bn.

NAICOM stated that the insurance firms’ paid-up capital would be their new capital base.

In a recent circular, NAICOM extended the recapitalisation deadline for insurance companies earlier slated for June 30, 2020, to December 31, 2020.

UAE introduces multi-entry tourist visas for 5 years for all nationalities

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UAE introduces multi-entry tourist visas for 5 years for all nationalities

The new tourist visa will be valid for 5 years and can be used for multiple entries and is open for all nationalities. Travellers from Africa, some South American countries, Arab states outside the Gulf, and European states from outside the European Union and the former Soviet Union previously needed visas.

The United Arab Emirates on Monday introduced a multiple-entry visa scheme valid for five years for all nationalities, with the aim of turning the Gulf state into a tourism hub.

“#UAE Cabinet chaired by @HHShkMohd approves new amendment for tourist visas in #UAE,” the government of Dubai Media Office tweeted, referring to Sheikh Mohammed bin Rashid Al Maktoum, the UAE prime minister and ruler of Dubai.

At present, tourists can visit the UAE with a free multiple entry visa for up to 90 days, from the date of entry.

Sheikh Mohammed said the move aimed to establish the UAE as a “major global tourism destination”.

The move comes as the total number of international tourists arriving to Dubai and Abu Dhabi rose to 15.88 million in the first nine months of last year, up from 15.26 million during the same period in 2018, according to UAE Central Bank statistics.

Pokémon and Joyoung launched co-branded small household appliances, a big hit in China

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Pokémon and Joyoung launched co-branded small household appliances, a big hit in China

JINAN,
CHINA – Media
OutReach – January 8, 2020 – Japanese
super popular cartoon game Pokémon and Joyoung, China’s well-known small
appliance brand, jointly launched a series of small appliances that were very
popular in China. Themed on Pikachu, the Pokémon co-branded health-care pots, warming
coasters, juicers, and milk makers triggered a rush of buying in their first
debut during the New Year’s shopping festival held by Chinese E-commerce
platform Tmall on January 6th. 2020 is the year of the mouse. Pikachu
endowed small appliances with vitality which gained great popularity from young
Chinese consumers.

Pokémon was born on February 27,
1996, in Gameboy, a series of games developed by Game Freak and Creatures and
distributed by Nintendo. Pokémon
has become a super international IP. Films and television animation works adapted by Pokémon have been published one
after another since 1997 and elves like Pikachu are popular all over the world.

Joyoung, founded
in 1994, is a famous household appliances brand with hundreds of millions of
users in China. It is popular for good-looking product design and perfectly convenient
products experience. Joyoung original products such as easy-clean automatic soy
milk machines, blenders and steam rice cookers were loved by its fans in 2019.

The combination
between super animation IP and China’s small household appliances, breaking dimensional
walls, changed mechanical small household appliances with strong a sense of
science and technology into fashionable and cute single items with the help of Pokémon,
quickly capturing the hearts of Chinese young people. Adorable co-branded
products have attracted lots of consumers to share the joy of using them on
social media and become web celebrity small household appliances.

Pokémon has
cooperated with many famous fashion brands such as clothing, beauty makeup, and
beverages previously. The wonderful integration of Pokémon and Joyoung has
shown us more crossover possibilities this time. The co-branded small
appliances have successfully extended consumers’ love for Pikachu from the
screen to their daily life and influenced them more. The relevant responsible
person of Pokémon said that Pokémon hoped to cooperate with more excellent
brands and created good products for Pokémon fans. In the future, cooperation
between Pokémon and Joyoung will also have more imagination.

Wapic Insurance Plc Extends Rights Issue Offer Period to January 10, 2020

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Wapic Insurance Plc Extends Rights Issue Offer Period to January 10, 2020

Wapic Insurance Plc – Extension of Offer Period for the Rights Issue of 15,613,194,623 Ordinary Shares of 50 Kobo Each at N0.38 Per Share on the Basis of Seven (7) New Ordinary Shares for Every Six (6) Ordinary Shares Held as at the Close of Business on 19 September 2019.

Further to our Market Bulletin of 20 November 2019, wherein the Market was notified of the offer period for the Rights Issue of Wapic Insurance Plc, please be informed that the Securities and Exchange Commission (SEC) has approved a further extension of the offer period of Wapic Insurance Plc’s Rights Issue of 15,613,194,623 ordinary shares of N0.50 each at N0.38 per share on the basis of seven (7) new ordinary shares for every six (6) ordinary shares held as at the close of business on 19 September 2019.

With this SEC’s approval, the Offer which was initially scheduled to close on Tuesday, 31 December 2019 will now close on Friday, 10 January 2020.

Eyinna Nwigwe: Highest Selling Nollywood Actor in The Last Decade

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Eyinna Nwigwe: Highest Selling Nollywood Actor in The Last Decade

Following the release of the highest-grossing Nollywood movies of the Last Decade by Nigeria’s top film distributor, Film One, Nollywood actor, Eyinna Nwigwe emerges the highest selling Nollywood actor of the decade having featured in the highest-grossing movies of the decade such as Wedding Party 1, Wedding Party2, Living in Bondage and the likes, promises to increase the numbers in 2020 with “Dear Affy” movie set for Cinemas February 14, 2020.

Eyinna featured in the highest-grossing movie of the decade Wedding Party 1 where he played the role of Nonso Onwuka which grossed the sum of N452,000,000 followed by the second highest-grossing movie of the decade Wedding Party 2 where he played the same role of Nonso Onwuka which grossed N435,000,000. He ended the decade with a feature in the Eight highest-grossing movies of the decade, Living in Bondage the sequel directed by Ramsey Nouah where he played Obinna Omego which is currently grossing N141,000,000.

The actor who is well known for his exceptional role interpretation skill has proven he has what it takes to stay in the industry and has promised to bring his magic to 2020’s most anticipated movie, “Dear Affy” directed by entertainment and media entrepreneur, Samuel Olatunji (Bigsam) where he played the role Michael and starred alongside superstars such as Toyin Abraham, Kehinde Bankole, Williams Uchemba, Odunlade Adekola, Chiwetalu Agu, Jide Kosoko, Ali Nuhu, Bimbo Ademoye and the likes

In an interview with Ebuka on Rubbin Minds, he said “it comes naturally for me, because like I said I live life on my terms, I am not boxed into set standards or how you operate, I go how I feel and I feel originality is key and it comes from self-expression…so yes, talent is not enough anymore, it is just like how love isn’t enough for a relationship, you know the time has changed, dynamics have changed…Talent is still core but it takes more than talent to be seen and appreciated”

Eyinna Nwigwe is definitely someone to look out for in the new decade as he starts his decade with the most anticipated movie of 2020, “Dear Affy” directed by Samuel Olatunji which promises to be the highest-grossing movie Nollywood will ever see in recent times.

The actor took to his Instagram page regarding the 2020s most anticipated movie, he wrote “We start from #Feb14 when @dearaffy will hit the cinemas.

Greater Lagos 2020: Sanwo-Olu Lauds Airtel For Supporting Entertainment, Tourism

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Greater Lagos 2020: Sanwo-Olu Lauds Airtel For Supporting Entertainment, Tourism

The Lagos State Governor, Babajide Sanwo-Olu, has commended Airtel for throwing its weight behind the Greater Lagos 2020 programme, a carnival that held across five locations in Lagos and featured some of the biggest Nigerian artistes including Olamide, Naira Marley, Fireboy, Zlatan and D.J Spinal, among others.

Speaking at the grand finale of the festival, which held on the eve of the New Year at the Eko Energy City, Sanwo-Olu acknowledged sponsors of the festival like Airtel for supporting the arts, tourism and entertainment just as he wished Lagosians a very happy and prosperous 2020.

The governor who was accompanied by his deputy, Obafemi Hamzat, his cabinet members as well as members of the State Legislature, joined thousands of music fans and well-wishers who trouped the venue to literally ‘count down’ to the New Year before sounds of firecrackers and pyrotechnics rented the air at the stroke of 12.00am.

After the governor’s remarks, the Lagos State Commissioner for Tourism, Arts & Culture, Mrs Olufunke Adebolu, cheered the crowd, urging them to join in the excitement as popular Disc Jockey, DJ Spinall, mounted the stage to take the party to a different level.

L-R- Mr Olaide-Mesewaku Babatunde, Permanent Secretary, Tourism, Arts and Culture, Lagos State; Erhumu Bayagbon, Head, Public Relations/Communications, Airtel Nigeria and Mrs Olufunke Adebolu, Lagos State Commissioner for Tourism, Arts & Culture during the grand finale of the Greater Lagos 2020 Festival held recently at the Eko Energy City, Lagos.

Airtel also recognized talents that had emerged during the festival, namely Samuel Olawande, winner of the dancing competition; Hanjara Atta, winner of the singing competition and Akamovba Julius, winner of the Comedy Competition. All the winners were presented with Airtel MIFIs, among other prizes.

Airtel said was excited to partner with the Lagos State Government on the Greater 2020 initiative as the platform provided an opportunity to excite, delight and reward telecommunications consumers across the state in a fun-filled and electrifying atmosphere, adding that the Airtel brand is always alive and committed to connecting Lagosians to everything they love and cherish.

Themed ‘Simply Unforgettable,’ the Greater Lagos 2020 Carnival, which focuses on promoting arts and cultures is also aimed at showcasing Lagos to Nigerians home and abroad as a state that has evolved over the years, with bountiful opportunities available to investors.

The festival opened to the public on the 25th of December across five locations, namely: Agege Stadium, Ikorodu Town Hall, Recreational Place Youth Centre, Epe; Badagry Grammar School, Badagry and the Eko Atlantic, Victoria Island, Lagos.

L-R – Akamovba Julius, winner of the Greater Lagos 2020 Comedy Competition; Erhumu Bayagbon, Head PR/Communications, Airtel Nigeria; Hanjara Atta, winner of the Greater Lagos 2020 singing competition and Samuel Olawande, winner of the Greater Lagos 2020 dancing competition during a presentation by Airtel to the winners at the Grand Finale of the Festival held recently at the Eko Energy City, Lagos.

The Greater Lagos 2020 Festival offered opportunities for Lagosians to connect with many big brands that showcased their products, services and innovation -across the five locations – during the period of the festival.

Largest Annual Feng Shui And Astrology Live Conference in Singapore by World No.1 Expert in Feng Shui and Chinese Metaphysics – Joey Yap

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Largest Annual Feng Shui And Astrology Live Conference in Singapore by World No.1 Expert in Feng Shui and Chinese Metaphysics – Joey Yap

Joey Yap’s largest conference arrived in Singapore on 5th January, and will continue its run in Malaysia and Bangkok

 

  • Nearly 8,000 participants attended Joey Yap’s annual Feng Shui
    & Astrology seminar at Resorts World Sentosa on 5th January 2020
  • Joey Yap shared about the forecasts for the Year of the Metal Rat
    and shed light on the global economic outlook for 2020

SINGAPORE – Media
OutReach – 7 January 2020 – On 5th January 2020, global best-selling author and
world No.1 Feng Shui and Chinese Metaphysics expert Joey Yap held his
highly-anticipated annual Feng Shui & Astrology seminar at Resorts World
Sentosa — the largest one yet, attracting nearly 8,000 participants from 21
different countries around the world. Drawing over 5,000 participants in 2019,
the 2020 annual Feng Shui & Astrology seminar is back again, this time with
even more valuable insights from Joey Yap.

 

An
authoritative voice on all things Chinese Metaphysics, Joey Yap spoke on the
forecasts for the Year of the Metal Rat, as well as illuminating insights on
the overall economic outlook for the year. Attendees were given a clear
overview of obstacles and opportunities that will follow in the coming months.

 

Set
to be an extraordinary year according to Chinese Astrology, the Year of the
Metal Rat is a pivotal year for many on both professional and personal levels.
Joey Yap also shared his wealth of insights on the latest 2020 Feng Shui
Outlook, as well as comprehensive forecasts on wealth, career, romance,
health and family for each of the 12 zodiac groups.

 

Joey Yap also revealed a deep dive analysis of Feng Shui and Qi Men, as well as how one can utilise Qi Men Dun Jia charts to forecast
outcomes that will benefit them in 2020.

 

“Joey Yap’s case studies with BaZi are really relatable for me and
easy to understand. So far, I’ve used it to practice self-awareness, and it
guides me in overcoming the various challenges in my life!” shares participant
Edmund, 31 who is currently working in Singapore.

 

Another couple, Diana and Mark are great fans of Joey Yap as well.
“He is not a fortune teller, he’s a guide who will help you out with useful
advice for your future.’

 

Design your ideal life in 2020 with Joey Yap’s invaluable insights
with your own BaZi chart using Chinese Metaphysics, and build 2020 as your best
year yet.

 

Missed
out on the seminar? It is never too late to start learning! Check out the FREE
Thriver’s Guide 2020 that everyone is raving about at: joeyyap.com/2020sg

About Joey Yap

Joey is the
world #1 authority in Feng Shui and Chinese Metaphysics. He’s
a bestselling author of 182 books published in 7 different languages with
more than 4,200,000 copies sold globally. He speaks to more than 50,000
people at his live events around the world and has been featured in BBC,
Bloomberg, CNBC, CNN, Forbes, The International Herald Tribune, Tatler and
Time.


In the last
20 years, he has been helping thousands of students and clients from all over
the world, embark on their life’s journey towards a transformational
experience using Feng Shui, BaZi, Yi Jing, Face Reading, Date Selection
and Qi Men Dun Jia. He is also the creator of the best-selling online learning programs Grow
Rich with BaZi and Design Your Destiny programs. 


Facebook: https://www.facebook.com/datojoeyyap/ 
Instagram: https://www.instagram.com/djoeyyap/

Envision Digital Appoints Sylvie Ouziel as International President

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Envision Digital Appoints Sylvie Ouziel as International President

Newly created role in response to the increasing global demand for AIoT (Artificial Intelligence and Internet of Things) technology in the era of digital transformation

 

SINGAPORE – Media OutReach – 7 January
2020 – Envision Digital International Pte Ltd (Envision
Digital), a global AIoT technology leader, has appointed Sylvie Ouziel as
International President as it strengthens its business covering Asia Pacific,
Europe, and the Americas.

Headquartered
in Singapore, Envision Digital’s world-leading
AIoT operating system, EnOS™, connects more than
120GW energy assets globally. Partnering with companies and governments,
Envision Digital through its suite of applications and solutions, is committed to enabling global clean energy transition
and digital transformation.

Ouziel will be
based in Singapore and will also serve as Managing Director of the
Singapore entity.

With over 28
years of experience in business transformation and technology leadership roles,
she joins Envision Digital from Allianz, where she was Global CEO of Allianz
Assistance and Asia Pacific CEO of Allianz Partners for four years. In this
role, Ouziel delivered high-touch, high-tech services to consumers in a B2B2C
model for business partners in mobility, home, and consumer electronics. Ouziel
joined Allianz in 2012 and her first role was to establish and lead the
company’s global Shared Services covering digital transformation and global
operations.

Prior to this, Ouziel
spent 20 years with Accenture where she led transformation projects for
industrial clients spanning across the airspace, automotive, construction,
pharmaceutical, and healthcare sectors. Ouziel’s last position at Accenture was
Global COO of Accenture Management Consulting.

“Sylvie is an
accomplished global business leader with a strong track record in leading
digital and technological transformation initiatives. As we look to accelerate
our growth internationally, I am confident that our teams and partners will
benefit from her innovative thinking and unique experience across multiple
markets and industries,” said Lei Zhang, Founder and CEO of Envision
Group. 

“Envision
Digital is at an exciting juncture in its journey and I am honoured to be
leading the next phase of growth of the international business. Envision’s
solutions are best in class, and as there is an increasing need to use cleaner
energy and to manage the world’s resources more efficiently, demand for the
company’s technology will only grow,” said Sylvie Ouziel, International
President of Envision Digital.


Ouziel
graduated from École Centrale Paris with an engineering degree specializing in economics,
and she holds an Accenture-sponsored Executive MBA from Kellogg’s
Northwestern. 

Her role
commences with immediate effect.

About Envision Digital

Envision Digital is a global AIoT technology leader
headquartered in Singapore with over 500 employees across ten offices in China,
France, Norway, the Netherlands, the United Kingdom and the United States.

Envision Digital owns EnOS™ — the
world-class AIoT operating system which currently connects and manages over 63
million smart devices and 120GW of energy assets globally. Its monitoring,
advanced analytics, forecasting and optimising applications provide insights to
help clients better manage their assets and portfolio performance. Its offering
extends to Smart Renewables (Hydro, Solar, Wind); Smart Cities; Smart
Buildings; Connected Energy; Smart Plants; and Smart Networks; partnering
companies and governments in their digital transformation journey.

As a major player in the AIoT operating
system, Envision Digital is growing an ecosystem of partners to enable
energy and digital transformation globally. Its growing list of over 250
customers and partners spans across ten industries and includes: Accenture,
Amazon Web Services, GovTech Singapore, Keppel, Microsoft, Nissan, Tableau, Total, PSA
International, and Sonnen.

For
more information, visit www.envision-digital.com.

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