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International Energy Agency’s Africa Dialogue Needs to be Inclusive for a Workable Africa’s Energy Transition
JOHANNESBURG, SOUTH AFRICA – EQS Newswire – July 1st, 2020 – The African Energy Chamber takes notes of recent initiatives taken by the International Energy Agency (IEA) to support Africa’s energy transition and salutes the leadership of the IEA in this dialogue. Such conversations notably echo the Chamber’s recent statement on African Lives Matter, questioning the OECD and IEA’s recent call to phase out fossil fuels. While the conversation of Africa’s energy transition continues, the Chamber reiterates its support to inclusive dialogues that take into account the realities of African economies and of energy poverty.
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Unfortunately, the Africa Ministerial Roundtable organized this week has sidelined key stakeholders and actors within Africa’s energy sector, preventing its ability to be truly inclusive and impactful on the ground. Africa’s energy transition will not be possible without the inclusion, and participation of, the continent’s petroleum and gas ministries and companies.
The Chamber strongly believes that key institutions like the African Petroleum Producers Organization (APPO), led by its Secretary General Dr. Farouk Ibrahim, need to be part of this dialogue, along with representatives of the petroleum ministries of producing countries such as Algeria, Nigeria, Angola, Equatorial, Libya, Congo or Gabon and key National Oil Companies such as Sonatrach, GEPetrol, Gabon Oil, NNPC or Sonangol. The African private sector was not invited while we note the invitation and participation an international oil company. Given the importance of the oil & gas sector for several African economies, the Chamber questions the relevance of an energy debate that would exclude them from the conversation.
“Energy poverty is as real as climate change, and the global debate on Africa’s energy transition tends to forget that hundreds of millions of African have no access to energy and still rely on firewood for cooking. Their needs must be at the center of the energy transition debate, which should not be made at the expense of any particular source of energy,” stated Nj Ayuk, Executive Chairman at the African Energy Chamber. “This generation of Africans are not tickled by foreign aid and handouts that resulted in poor governance and mismanagement. Jobs, sustainable power and gas that drives development, along strong market-driven economies, are what Africans want. In order to accomplish a true African energy transition, petroleum producing countries, their National Oil Companies, civil society, African entrepreneurs and independent producing companies need to have a seat at the table,” he added.
The African Energy Chamber remains concerned that global conversations on Africa’s energy transition would result in a new foreign aid narrative by which Western stakeholders and investors would blindly push a renewable energy agenda at the expense of proper private sector-led development supporting jobs and entrepreneurship. While the Chamber strongly supports diversified energy mixes and wishes to see cleaner energy developments across Africa, solar and wind projects are still relying on global value chains which restrain their ability to support local content development. As a result, most solar and wind projects in the continent continue to have local content participation of less than 50%. Such issues need to be at the core of the energy transition debate so Africa’s cleaner future does not serve only the interests of big multinational corporations but also translates into private sector development and opportunities in Africa. It is time to put the voices of African businesses at the center of the debate.
As Africa seeks new ways to develop and grow in a post Covid-19 world, let’s remember the words of Nelson Mandela: “Overcoming poverty is not a gesture of charity. It is an act of justice. It is the protection of a fundamental human right, the right to dignity and a decent life. While poverty persists, there is no true freedom. Do not look the other way; do not hesitate. Recognise that the world is hungry for action, not words. Act with courage and vision.”
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Chubb appoints Khue Dinh as Country President for Vietnam’s general insurance business
SINGAPORE – Media OutReach – 9 November
2020 – Chubb announced today the appointment of Khue
Dinh as the new Country President for Vietnam’s general insurance business with
immediate effect.
In her new role, Ms. Dinh will oversee the
operations and business development activities of Chubb’s key business lines in
Vietnam namely, Property & Casualty as well as Accident & Health
Insurance. She is also responsible for the management of regulatory
relationships, strategic partnerships and affinity relationships. She will
report to Glen Browne, Chubb’s Deputy Regional President for Asia Pacific and
Division President, Southeast Asia.
Ms. Dinh has two
decades of experience in
the insurance industry, having
held various leadership positions with international insurers and brokers. Prior to joining Chubb, she was Director of Emerging Customers with AXA Insurance and represented the
company on the Board of Directors of Bao Minh Insurance.
On this new appointment, Mr. Browne said, “I’m pleased to welcome Ms.
Dinh to the Southeast Asian leadership team. She is a recognized leader with a
proven record of success in achieving results. Her significant breadth of
experience in the consumer insurance business in addition to the small,
mid-market commercial segment, will hold us in good stead as she steers the company to match the growth ambitions
we have for Vietnam.”
About Chubb
Chubb is the world’s largest publicly traded property and
casualty insurance company. With operations in 54 countries and territories,
Chubb provides commercial and personal property and casualty insurance,
personal accident and supplemental health insurance, reinsurance and life
insurance to a diverse group of clients. As an underwriting company, we assess,
assume and manage risk with insight and discipline. We service and pay our
claims fairly and promptly. The company is also defined by its extensive
product and service offerings, broad distribution capabilities, exceptional
financial strength and local operations globally. Parent company Chubb Limited
is listed on the New York Stock Exchange (NYSE: CB) and is a component of the
S&P 500 index. Chubb maintains executive offices in Zurich, New York,
London and other locations, and employs approximately 31,000 people worldwide.
More
information can be found at www.chubb.com
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Kerry Logistics Network Scores Repeat Wins at the Frost & Sullivan Asia Pacific Best Practices Awards for the Fourth Year Running
HONG KONG, CHINA – Media OutReach – 26 August 2020 – Kerry Logistics Network
Limited (‘Kerry Logistics’; Stock Code 0636.HK) has been conferred the titles of
the Frost & Sullivan Asia Pacific Best Practices Awards (the ‘Awards’) for
the fourth consecutive year, winning the “2020 Asia-Pacific Logistics Services
Provider of the Year Award” and the “2020 Asia-Pacific Road Transportation
Services Provider of the Year Award”. The Awards were presented last night in a
virtual ceremony.
Organised annually by global
business consulting firm Frost & Sullivan, the Awards recognise outstanding
achievements in the Asia Pacific covering various sectors. The recipients are
selected through a rigorous measurement-based methodology that encompasses
industry trends analysis and research interviews, according to parameters including
revenue growth, market share in specific category and growth in market share,
demonstrated leadership in new product introduction and innovation, breadth of
products and solutions, major customer acquisitions, subscribers and growth in
subscriber base and business/market strategy.
William Ma, Group Managing
Director of Kerry Logistics, said, “We are thankful to the organiser for
recognising our dedication and achievements over the years. The accolades are a
testament to our commitment to industry best practices and our strengths as one
of the very few Asia-based global logistics companies. While the global
economic outlook is overcast by uncertainties, we are confident that we will
leverage our extensive geographical coverage, solid presence in various markets
and diversified business segments to continue serving our customers well.”
About Kerry Logistics Network Limited (Stock Code 0636.HK)
Kerry Logistics Network is an Asia-based,
global 3PL with a highly diversified business portfolio and the strongest
coverage in Asia. It offers a broad range of supply chain solutions from
integrated logistics, international freight forwarding (air, ocean, road, rail
and multimodal), industrial project logistics, to cross-border e-commerce,
last-mile fulfilment and infrastructure investment.
With a global presence across 58 countries,
Kerry Logistics Network has established a solid foothold in half of the world’s
emerging markets. Its diverse infrastructure, extensive coverage in
international gateways and local expertise span across China, India, Southeast
Asia, the CIS, Middle East, LATAM and other locations.
Kerry Logistics Network generated a revenue
of over HK$40 billion in 2019 and is the largest international logistics
company listed on the Hong Kong Stock Exchange.
About Frost & Sullivan Asia Pacific Best Practices Awards
The Frost & Sullivan Asia Pacific Best Practices Awards
have identified and honoured best-in-class companies that have demonstrated
excellence in their respective industries. Award recipients were identified
based on in-depth interviews, analysis, and extensive secondary research
conducted by Frost & Sullivan’s analysts. Companies are typically studied
on their revenues, market share, capabilities, and overall contribution to the
industry in order to identify best practices.
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