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African Organisations Move from Awareness to Action as IT Asset Visibility Becomes a Board-Level Priority

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IT

Following widespread recognition of the IT asset visibility gap across the continent, V-Track reports a significant shift in organisational behaviour as finance and IT leaders move beyond acknowledgement toward structured, technology-driven control

Across African markets, a shift is underway in how organisations approach IT asset management. Having acknowledged the scale of the visibility gap – the growing disconnect between what appears on balance sheets and what can be verified in the real world – finance and IT teams are now moving to close it. The conversation, once dominated by problem definition, is rapidly becoming one of implementation.

 

This shift follows a period of heightened scrutiny in which organisations have begun to quantify the financial impact of poor asset visibility: avoidable procurement spend on devices that already exist in their estates, capital tied up in assets that are no longer in productive use, audit exposure from inaccurate registers, and security risk created by devices that have drifted off the network without formal decommissioning.

“We are seeing a clear change in the nature of the conversations organisations are having with us,” said Valene Nagiah, Head of Asset Tracking and Management at V-Track. “Twelve months ago, the primary question was: do we have a problem? Now, the question is: how do we fix it  and how quickly can we demonstrate a return? That is a meaningful shift, and it reflects a broader maturation in how African businesses think about IT governance.”

From static registers to continuous control

For many organisations, the first step in closing the visibility gap has been confronting the inadequacy of existing systems. Periodic manual audits and static spreadsheet-based asset registers are the default approach across much of the continent and are increasingly being recognised for what they are: point-in-time snapshots that begin losing accuracy the moment they are completed.

In environments where assets move constantly between offices, remote locations, field teams, and employees who may work across multiple sites,  a register that is accurate today may be significantly out of date within weeks. The challenge is not simply one of data quality; it is structural. Manual processes cannot keep pace with the operational reality of a distributed, mobile workforce.

“The organisations making the most progress are those that have stopped treating asset management as an audit exercise and started treating it as a continuous function,” said Nagiah. “Visibility is not something you achieve once a year. It is something you maintain every day and that requires infrastructure, not just process.”

The hybrid workforce as a forcing function

The permanent entrenchment of hybrid and distributed working across African markets has proven to be a significant forcing function for ITAM investment. As organisations formalised remote and flexible work arrangements, the practical consequences of asset invisibility became harder to ignore. Devices issued to home-based employees, contractors, and field staff could no longer be assumed to be present, functional, or secure, and without tracking infrastructure, verifying their status required manual intervention that was neither scalable nor reliable.

The organisations making the most progress are those that have stopped treating asset management as an audit exercise and started treating it as a continuous function

In markets characterised by infrastructure variability, including intermittent power supply, inconsistent connectivity, and high rates of staff movement between employers, these challenges are amplified. A device that was verified last quarter may have changed location, changed hands, or gone offline entirely in the intervening period. Without continuous monitoring, the organisation simply does not know.

For leased IT environments, this dynamic carries additional financial weight. Devices that cannot be accounted for at the end of a lease agreement represent a direct liability, replacement costs that fall to the organisation, compounded by the administrative burden of attempting to recover assets after the fact. Proactive tracking eliminates this exposure before it materialises.

What effective implementation looks like

Organisations that have made meaningful progress on IT asset visibility share a common set of characteristics. They have moved away from treating ITAM as a back-office IT function and repositioned it as a financial control mechanism with direct implications for procurement strategy, capital allocation, and audit readiness. They have invested in platforms that provide continuous, real-time data rather than periodic snapshots. And they have created clear ownership of asset data at both the IT and finance level, recognising that the two functions need to operate from the same source of truth.

The practical benefits of this approach are demonstrable across four areas:

  • Financial accuracy: asset registers that reflect operational reality, enabling more precise depreciation, budgeting, and capital planning.
  • Procurement efficiency: elimination of duplicate or unnecessary purchases driven by inaccurate inventory data.
  • Security and compliance: continuous visibility into device status reduces the attack surface created by unmonitored endpoints and strengthens regulatory compliance.
  • Lease and lifecycle management: accurate, real-time asset data enables organisations to optimise lease terms, plan timely returns, and maximise residual value.

 

“The organisations that are getting this right are not necessarily those with the largest IT budgets,” Nagiah noted. “They are the ones that have made a deliberate decision to treat their asset estate as a managed financial resource and have put the systems in place to support that decision. The technology to do this exists, and it is accessible. The gap is no longer a technology gap. It is a decision gap.”

A platform built for African operating conditions

V-Track’s asset intelligence platform is designed to function effectively within the operational constraints that characterise many African business environments. The platform requires no on-premises infrastructure, operates across distributed and multi-jurisdiction environments, and provides finance and IT teams with a unified view of their asset estate regardless of where those assets are physically located.

Organisations yet to begin their asset visibility journey are encouraged to start with V-Track’s 15-day free trial (https://apo-opa.co/4ehmGXN) – a structured visibility audit that typically surfaces actionable findings within the first week. No procurement process, no long-form commitment, and no prior ITAM infrastructure required.

“The most common thing we hear after the trial is: we had no idea,” said Nagiah. “That is exactly the point. The trial does not sell a product – it reveals a reality. What organisations choose to do with that clarity is their decision. But they can no longer say they did not know.”

Distributed by APO Group on behalf of V-Track.

 

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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