ThreatLocker® Raises $115M Series D to Continue Delivering Zero Trust Endpoint Security to More Organizations

Round led by global growth equity firm General Atlantic, along with StepStone Group and the D. E. Shaw group, to accelerate product innovation and increase reach of Zero Trust endpoint security to organizations globally.

ORLANDO, Fla., April 24, 2024 (GLOBE NEWSWIRE) — ThreatLocker®, a global cybersecurity leader that offers a Zero Trust endpoint security solution, today announced it has raised $115M in Series D funding led by existing investor General Atlantic, a leading global growth equity firm, with participation from other major investors StepStone Group and the D. E. Shaw group. With the new investment, ThreatLocker® will continue to focus on driving product innovation to bring the power of Zero Trust security to more organizations and accelerating the company’s global expansion.

ThreatLocker® provides organizations with the ability to protect their IT operations with an effective Zero Trust approach to cybersecurity. The product suite provides enterprise-level server and endpoint security by blocking untrusted software, including ransomware, scripts and libraries, and exploits of known and unknown application vulnerabilities through Default Deny Application Control, Ringfencing™, Storage Control, Privileged Access Management, Network Access Control, as well as its new Endpoint Detection & Response (EDR) and Managed Detection & Response (MDR) solutions. ThreatLocker® believes that its customers should have complete control over their network and devices, know what is trying to infiltrate their stack, and not live in fear of the next cyberattack. With a powerful security tool suite designed to enable organizations to easily and directly control exactly what applications run on their endpoints, ThreatLocker® customers can rest assured knowing that their businesses are protected using the Zero Trust model framework that protects them from various cyber threats, including unknown malware, ransomware, and exploits for known and unknown vulnerabilities.

ThreatLocker® CEO Danny Jenkins commented, “ThreatLocker has made a huge impact in the industry in driving a least-privilege approach forward over the last few years and has introduced new EDR and MDR products within a single cybersecurity platform for our customers. We believe this new injection of capital will enable us to continue to develop Zero Trust products and grow ThreatLocker’s market presence. We are very excited to be partnering again with General Atlantic, as well as with new investors, StepStone Group & the D. E. Shaw group, and look forward to leveraging their teams’ deep experience in bringing products to market and scaling technologically-disruptive businesses.”

To add to this, ThreatLocker® COO Sami Jenkins commented, “We are thrilled to extend our partnerships with General Atlantic and look forward to working with StepStone and the D. E. Shaw group.” 

The new investment follows another year of growth as ThreatLocker® doubled its revenue and added 50% to its workforce. Today, ThreatLocker® has thousands of partners and protects over 50,000 organizations. Serving companies who are serious about security, ThreatLocker® partners with Enterprises and Managed Service Providers (and MSSPs), including many financial institutions, healthcare organizations, and airlines such as Emirates and JetBlue Airways.

Gary Reiner, Operating Partner at General Atlantic, continued, “ThreatLocker effectively takes the guesswork out of threat detection with its Zero Trust approach. As companies of all sizes increasingly focus on filling in gaps in their security stacks, Zero Trust is becoming a necessity – and we view ThreatLocker as an emerging leader in this paradigm shift. We are thrilled to further our partnership with the team to accelerate ThreatLocker’s growth as an endpoint security disruptor.”

About ThreatLocker® 
ThreatLocker® is a global cybersecurity leader, providing enterprise-level Zero Trust cybersecurity tools to improve the security of servers and endpoints. Founded in 2017 by Danny Jenkins, Sami Jenkins, and John Carolan, ThreatLocker® now serves thousands of organizations globally and is headquartered in Orlando, Florida, USA. For more information, visit: https://www.threatlocker.com/

About General Atlantic
General Atlantic is a leading global growth investor with more than four decades of experience providing capital and strategic support for over 520 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic has approximately $84 billion in assets under management inclusive of all products as of March 31, 2024, and more than 300 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Miami, Mumbai, Munich, San Francisco, São Paulo, Shanghai, Singapore, Stamford and Tel Aviv. For more information on General Atlantic, please visit: www.generalatlantic.com.

About The D. E. Shaw Group
The D. E. Shaw group is a global investment and technology development firm with more than $60 billion in investment capital as of March 1, 2024, and offices in North America, Europe, and Asia. Since our founding in 1988, our firm has earned a reputation for successful investing based on innovation, careful risk management, and the quality and depth of our staff. We have a significant presence in the world’s capital markets, investing in a wide range of companies and financial instruments in both developed and developing economies. For more information, visit www.deshaw.com.

Media Contacts

ThreatLocker®
Spencer Ford
(689) 217-4246
spencer.ford@threatlocker.com

General Atlantic
Emily Japlon & Sara Widmann
media@generalatlantic.com

The D. E. Shaw group
media-inquiries@deshaw.com

Spencer Ford
ThreatLocker Inc.
+16892174246
spencer.ford@threatlocker.com

GlobeNewswire Distribution ID 9104839

EMGA décroche un financement de 15 millions de dollars US pour Banco Improsa au Costa Rica

LONDRES, 24 avr. 2024 (GLOBE NEWSWIRE) — En partenariat avec Banco Improsa, Emerging Markets Global Advisory LLP, ci-après « EMGA », annonce avoir obtenu l’ouverture d’une ligne de crédit à hauteur de 15 millions de dollars auprès de l’Agence japonaise de coopération internationale (ou JICA pour Japan International Cooperation Agency).

« Malgré la complexité du contexte macroéconomique mondial, nous nous réjouissons d’appuyer une fois de plus la vision durable de Banco Improsa pour soutenir les PME au Costa Rica et de mener à bien ce financement. » observe Sajeev Chakkalakal, Responsable de la branche Investissement et directeur général d’EMGA.

Félix Alpizar Lobo, Directeur général de Banco Improsa, commente la transaction en ces termes : « Ce financement confirme notre engagement en faveur du renforcement des PME au Costa Rica, et Banco Improsa est fière de partager l’objectif de la JICA en contribuant à la croissance économique et sociale des pays en voie de développement. »

Jeremy Dobson, directeur général d’EMGA, ajoute que « La solide gestion et la bonne santé financière de Banco Improsa ont joué un rôle clé pour aider l’équipe de la branche Investissement d’EMGA à obtenir ce financement. Ce soutien de la JICA contribuera à renforcer davantage la capacité de Banco Improsa à faire progresser son portefeuille de prêts dédiés aux PME. »

JICA

L’Agence japonaise de coopération internationale est une agence gouvernementale qui fournit une part majeure de l’aide publique au développement pour le compte du gouvernement japonais. Elle est chargée de soutenir la croissance économique et sociale dans les pays en voie de développement et de promouvoir la coopération internationale.

EMERGING MARKETS GLOBAL ADVISORY LLP (EMGA)

Implantée à Londres et à New York, EMGA vient en aide aux établissements financiers et aux entreprises en quête de nouveaux capitaux d’emprunt ou de capitaux propres. Son équipe multinationale compte des décennies d’expérience dans la réalisation de transactions pour le compte de ses clients sur les marchés émergents et les économies frontières de tous les pays du monde, y compris au Costa Rica qui reste un marché clé. EMGA continue d’élargir son rayonnement géographique et d’étoffer son offre de services en capitalisant sur son expérience reconnue dans la formation de capital et les prestations de conseil stratégique étendues à divers cycles économiques. Elle assied ainsi sa position prédominante sur le marché de banque d’investissement de niche ciblée sur les marchés émergents.

BANCO IMPROSA

Forte de plus de 37 ans d’expérience, Banco Improsa est une banque commerciale dont le modèle relationnel d’affaires et l’assise sur les marchés de niche convergent vers une spécialisation visant la fourniture de solutions et de services de financement aux petites et moyennes entreprises (ou PME), entre autres. Elle fait partie des premières banques privées du Costa Rica à proposer des services non financiers à ses clients et propose des conseils et un appui aux PME de longue date. Le principal facteur de réussite de Banco Improsa réside dans son engagement à respecter des normes élevées de service, en toute agilité et flexibilité, qui alliées à sa gamme de solutions financières personnalisées, lui a permis d’atteindre une franche position sur ce secteur.

Banco Improsa est une filiale du Grupo Financiero Improsa (ou GFI).

Coordonnées :
info@emergingmarketsglobaladvisory.com

GlobeNewswire Distribution ID 1000946462

A EMGA obtém financiamento de US$ 15 milhões para o Banco Improsa na Costa Rica

LONDRES, April 23, 2024 (GLOBE NEWSWIRE) — A Emerging Markets Global Advisory LLP (EMGA), em parceria com o Banco Improsa, anuncia que obteve uma linha de crédito de US$ 15 milhões da Japan International Cooperation Agency (JICA).

Sajeev Chakkalakal, chefe de banco de investimento e diretor administrativo da EMGA, afirmou: “Apesar de um ambiente macroeconômico global complicado, temos o prazer de mais uma vez facilitar a visão contínua do Banco Improsa de apoiar as PMEs na Costa Rica e concluir essa solução de financiamento.”

Ao comentar a transação, Felix Alpizar Lobo, gerente geral do Banco Improsa, disse: “Esse financiamento reitera nosso compromisso de fortalecer o segmento de PMEs na Costa Rica. O Banco Improsa orgulha-se de compartilhar o objetivo da JICA que é contribuir para o crescimento econômico e social dos países em desenvolvimento.”

Jeremy Dobson, diretor administrativo da EMGA, acrescentou: “A sólida gestão e a posição financeira saudável do Banco Improsa foram fatores fundamentais para ajudar a equipe do banco de investimentos da EMGA a garantir esse financiamento, e essa linha de crédito da JICA reforçará ainda mais a capacidade do Banco Improsa de aumentar sua principal carteira de empréstimos para PMEs.”

JICA

A Japan International Cooperation Agency é uma agência governamental que fornece a maior parte da Assistência Oficial ao Desenvolvimento para o governo do Japão. Ela foi criada para ajudar no crescimento econômico e social dos países em desenvolvimento e na promoção da cooperação internacional.

EMERGING MARKETS GLOBAL ADVISORY LLP (EMGA)

A EMGA, com filiais em Londres e Nova York, auxilia instituições financeiras e empresas que buscam novos capitais de dívida ou acionários. A equipe multinacional da EMGA combina décadas da experiência necessária para concluir transações em nome de seus clientes nos mercados emergentes e economias de fronteira do mundo, incluindo a Costa Rica, que continua sendo um mercado importante. Com um histórico comprovado em formação de capital e consultoria estratégica ao longo de diversos ciclos econômicos, a EMGA continua expandindo seu alcance geográfico e sua oferta de serviços, solidificando sua posição no mercado como um dos bancos de investimento de nicho mais proeminentes do setor voltado para mercados emergentes.

BANCO IMPROSA

É um banco comercial com mais de 37 anos de experiência, cujo modelo de negócios relacional e o foco em nichos de mercado são voltados para o fornecimento de soluções e serviços de financiamento para pequenas e médias empresas (PMEs), entre outros. O Banco Improsa foi um dos primeiros bancos privados da Costa Rica a prestar serviços não financeiros a seus clientes e conta com um longo histórico de aconselhamento e apoio a PMEs. O principal fator de sucesso do Banco Improsa é seu compromisso com elevados padrões de atendimento ágil e flexível, o que, aliado à oferta de soluções financeiras personalizadas, lhe conferiu uma sólida posição nesses segmentos.

O Banco Improsa é uma empresa subsidiária do Grupo Financiero Improsa (GFI).

Informações de contato
info@emergingmarketsglobaladvisory.com

GlobeNewswire Distribution ID 1000946462

UK businesses must prioritise payment technology to build customer loyalty and stay competitive: New research from Lloyds Bank and FreedomPay

London, United Kingdom, April 23, 2024 (GLOBE NEWSWIRE) —
  • Less than a third (27%) of businesses are confident they offer seamless payments experiences.
  • Almost two-thirds of businesses (59%) across Retail, Food & Beverages and Hospitality believe a good checkout experience offers the same competitive advantage as having the best products.
  • Customer preference is the factor most likely to influence businesses’ investment in payment technologies.

New research from Lloyds Bank and FreedomPay highlights the importance of UK businesses investing in new payment technology.

Two-thirds (59%) of UK Retail, Food & Beverage (F&B) and Hospitality companies were found to already put payments at the heart of their customer experience strategy, reflecting the growing importance of payment options to customers.

For retail-focused businesses, 59% believe that a good checkout experience is essential to building customer loyalty, with respondents believing it is as much a competitive advantage as having the best products.

Meanwhile, 57% of retailers said that a poor payment experience could have a detrimental effect on their business, pushing customers to competitors who offer a better experience.

The findings come as payment infrastructure is increasingly viewed as a critical part of customers’ shopping experience. As high inflation takes its toll on both independent venues and enterprise chains, this research demonstrates the need for businesses to prioritise customer satisfaction and build brand loyalty.

A Chip Off the Old Block

However, despite understanding the importance of providing a good payment experience for customers, making this a reality appears to be a challenge for many businesses.

Half of all business surveyed (49%) said they had not invested in payment solution updates at all, and only 27% of respondents felt confident in their omnichannel payment experience offering.

This disparity highlights that businesses have a lot of room for growth, as investment in new payment technology could lead to significantly enhanced customer experiences and result in increased sales.

Data leads to better customer engagement

Other findings highlighted how businesses are using data, with many understanding that payments data can help them to make more informed decisions. 80% of respondents said they are using payments data to learn more about their customers to tailor services and products for them, which can be crucial to maintaining customer engagement and driving brand loyalty.

FreedomPay’s President Chris Kronenthal said:
“What is evident from our research is that brands must focus on payments innovation now more than ever. Understanding what customers expect and want from a payment experience is fundamental to ensuring that customers keep coming back. Choosing the right payments partner can support strategic business decisions and streamline checkout to help to deliver a personalised, seamless, and data-driven experience any time, any place.”

Melinda Roylett, Managing Director, Lloyds Bank Merchant Services said:
“The way we pay has undergone rapid shifts in the past few years. Accelerated by the pandemic, technological advancements and innovative ways of using open banking have led to the increasing adoption of contactless, digital wallet solutions and embedded finance options such as Buy Now, Pay Later. Consumers now have more choice than ever. This means that businesses also need to think about how they use the payment experience at checkout to build business growth.”

We hope you enjoy the full Report at lloydsbank.com/paymentsinsight

ABOUT FREEDOMPAY

FreedomPay’s Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay’s technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce. The company maintains a world-class security environment and was first to earn the coveted validation by the PCI Security Standards Council against Point-to-Point Encryption (P2PE/EMV) standard in North America. FreedomPay’s robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

ABOUT LLOYDS BANKING GROUP

  • Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers.
  • We are proud to be by the side of British business, supporting more than 1 million UK businesses with leading digital and relationship banking services, as they start up, grow, thrive and trade internationally.
  • As part of the Group, Lloyds Bank Cardnet Merchant Services offers leading end-to-end payment acceptance solutions. We help businesses from all parts of the UK, and across all different sectors and sizes, giving them the support they need to take payments online, in store, or over the phone at any time.
  • For more information on how we help businesses to receive payments please visit: www.lloydsbank.com/cardnet

Attachments

Adam Charles, Media Relations
Lloyds Bank
0207 356 2374
Adam.charles@lloydsbanking.com

Hill & Knowlton for FreedomPay
freedompayUK@hillandknowlton.com

GlobeNewswire Distribution ID 9104694

Communication Authority Cracks Down On PSVs Offering Illegal Courier Services

Public Service Vehicles (PSV) and e-commerce companies operating courier services without a license from the Communications Authority of Kenya have been warned that action will be taken against them.

This is after CAK Director General David Mugonyi issued a notice stating that operating courier services without the necessary license from the Communication Authority is a violation of the law.

‘The Authority has noticed that several unauthorised public service vehicle (PSV) Saccos and e-commerce platforms are providing courier services without the necessary license from the Authority.’

‘Any person that is found to be in violation of the provisions outlined in Section 49 of the Kenya Information and Communications Act, 1998, is guilty of an offence and may face penalties or fines amounting to Sh300,000 or imprisonment for a maximum of one year or both upon being convicted,’ stated Mr Mugonyi.

Mugonyi advised the public to only use postal and courier services from licensed operators in order to guarantee the
security of their belongings, adding that the approach would also help the public minimise additional risks associated with using unauthorised service providers.

He further instructed the public to verify the legitimacy of courier service providers by asking to see a valid compliance certificate issued by the authority.

‘Consumers can enjoy a secure and reliable service experience by choosing to support authorised operators, which in turn provides access to prescribed complaint resolution and compensation mechanisms,’ he said.

Mugonyi further stated that the Authority’s website provides a detailed list of licensed courier providers as well as information on the courier market structure and license administration framework.

He further noted that obtaining the necessary license from the authority and consistently following regulatory guidelines were crucial for operators to ensure compliance.

The move comes after CAK published a gazette notice in early April issuing a seven-day operating notice to six post
al courier companies, revealing that they would revoke the license upon lapse of the notice.

The courier operators are at risk of shutting down, despite providing services to major towns like Nairobi, Kiambu, Mombasa, Kakamega, Kisumu and Eldoret.

As of June 2021, there were 289 licensed courier operators, an increase from 263 in June 2019. Additionally, the number of private courier outlets grew from 788 in the financial year 2019-2020 to 901 in 2020-2021.

Source: Kenya News Agency

KPA, KPC To Accelerate The Penetration Of LPG

The Kenya Ports Authority (KPA) and Kenya Pipeline Company (KPC) have vowed to work together to facilitate the penetration of liquefied petroleum gas (LPG) in every nook and cranny of the country in line with the government’s commitment.

KPA Managing Director (MD) Capt. William Ruto said during the signing of a Service Level Agreement (SLA) between the two state corporations that they will use Kipevu Oil Terminal 2 (KOT 2) in the offloading of LPG.

‘The facility is capable of handling four ships at any given time. All products can be offloaded simultaneously in this facility which also reduces the cost of doing business and in terms of demurrages, this country has been paying a lot of demurrages,’ said Capt. Ruto.

KOT 2, he added can offload up to 8000 metric tonnes per hour. The facility serves landlocked countries, and 50 percent of petroleum products are from landlocked countries. Private firms can connect to KOT2 through a common user interface.

KPC MD Joe Sang said, in partnership with the private se
ctor they will construct a four-kilometre pipeline from the common manifold to the Kenya Petroleum Refineries Limited’s (377-acre) land in Changamwe.

‘The pipeline will have a 24-inch-diameter pipe to the bulk import facility with a capacity of 30,000 metric tonnes that will be set up in partnership with the private sector,’ stated MD Sang.

KPC has developed a master plan to establish KPRL as a trading hub for the region. ‘We want to serve close to 12 countries in the larger East African region from Ethiopia down to South Africa,’ said Sang.

In line with the government’s promise to increase the accessibility of LPG. KPC is targeting five million homes to access subsidised LPG by 2027.

‘Most of our households cannot afford. The price of the six kilogrammes of LPG is close to Sh2500 including the cylinder and the gas itself. We want to see a reduction so that it is affordable not only for Kenya but also for the region,’ stated the KPC MD.

KPC will also set up storage facilities in the hinterlands to suppor
t accessibility to LPG.

The MD further revealed that on average 15,000 Kenyans die as a result of health-related complications brought about by the use of unsafe cooking habits.

To improve tree cover, KPC in partnership with the Kenya Forest Service targets to plant five million trees in line with the presidential green agenda.

In Jomvu Creek, KPC has so far planted 440,000 trees. ‘Our ambition is to be able to do 500,000 every year for the next ten years,’ said Sang.

KPC Chairman Faith Boinett said the KOT 2 will enable KPC to open KPRL to bunkering and penetration into the region.

‘There is a conversation between Uganda and Kenya to have a pipeline all the way to DRC, with this we will be able to have short turnaround time in terms of pushing the products efficiently and be able to meet the demands of the market,’ she said.

Source: Kenya News Agency

Kenya Power To Implement E-Mobility In The Transport Sector

Kenya Power held its 2nd E-mobility Conference and Expo with stakeholders in efforts to embrace innovation, transform E-mobility, and drive growth in the transport sector.

Energy and Petroleum Cabinet Secretary (CS), Davis Chirchir, said the Ministry of Energy and Petroleum is actively involved in the governance of the National E-Mobility Policy, which is spearheaded by a multi-agency Task Force whose objective is to provide an enabling environment for the growth and adoption of electric vehicles in the country.

The CS made the remarks in a speech read on his behalf by the State Department for Energy Principal Secretary, Alex Wachira, on Tuesday during the 2nd Kenya Power E-Mobility and Expo Conference themed ‘Accelerating the Adoption of E-Mobility in Kenya, held at Kenyatta International Convention Centre in Nairobi.

Chirchir said the world is facing unprecedented changes caused by climate change and environmental degradation, adding that it is upon citizens to embrace innovative and transformative solut
ions that will not only mitigate the challenges but also create a more resilient and sustainable future for the coming generation.

He noted that the transport sector in the country is the second-highest contributor to greenhouse gas emissions, which account for approximately 30 percent of the total emissions.

Chirchir emphasised that this is one of the priority intervention areas nationally, which determines contribution premises, commitment and national climate change action plan.

‘In the year 2022, the country’s total petroleum import cost was about Sh630 billion (4 billion dollars), which was over 90 percent increase from the year 2021. These impacts negatively on our foreign exchange service,’ CS said.

Chirchir reiterated that the country has abundant domestic electricity retention, especially from the renewable energy space, which powers the transportation sector and is neatly positioned to lead the change towards e-mobility.

The CS acknowledged the country’s investment in green energy infrastructur
e, including geothermal, wind and solar power, which has laid a solid foundation for the widespread adoption of electric vehicles (EVs).

‘By leveraging our renewable energy potential, we can not only recognise our transportation sector but also reduce our reliance on imported fossil fuels and enhance energy security,’ he stated.

The CS said the national electricity demand curve of a typical day shows a huge disparity between peak and off-peak power requirements, adding that to maintain system sustainability, power generation is normally reduced during off-peak hours.

He revealed that according to the EPRA data, a total of 495,407 mega hours were attained between July 2022 and June 2023, which is a lot of energy that could be put to use by creating demand at night, as well as by charging electric vehicles, especially at night.

The CS announced that in the year 2020, the Ministry launched the Kenya National Energy Efficiency and Conservation Strategy, which identified transport as a key sector to improve en
ergy efficiency and set out a target of five percent of the annual importation of vehicles to be electric and to increase adoption of e-mobility.

Chirchir noted that the policy will be integrated and comprehensively provide a legal and regulatory framework to promote adoption of e-mobility, while seeking and coordinating the efforts of various ministries, departments, and agencies (MDAs) in the national county government and other partners in direct mobility in space to ensure cohesion and coherence in the growth of the sectors and avoid the wastage of public resources.

He argued that successful transition to e-mobility requires a holistic and integrated approach which necessitates collaboration between government agencies, private sector players, development partners and civil society organisations.

CS added that the partnership will address the challenges related to infrastructure development, technology deployment, policy formulation and public awareness to create and foster a robust environment for ele
ctric mobility and ensure that charging infrastructure and electric vehicles are accessible to all segments of society.

The Chairman, Kenya Power Board of Directors, Joy Masinde, said that the Institute of Energy Studies and Research (IESR) stands to serve as the premier training and research centre for e-mobility, as she also welcomes investors and stakeholders who are interested in advancing research and development in the field.

‘As we embrace the diversification of our interests, mobility emerges as one of the most promising and exhilarating opportunities to propel our business forward. We remain steadfast in our commitment to adapting to evolving market dynamics and embracing innovation to ensure our transformation into a sustainable company,’ she said.

Masinde announced that Kenya Power is continuing to push transition to over 2,000-strong fleet to electric, as she urges all stakeholders to work hand in hand towards unlocking the full potential of e-mobility.

Source: Kenya News Agency

Newly Appointed Kericho CECMs Take Oath Of Office

Two newly appointed Kericho County Executive Committee Members (CECM) and one member of the Kericho Municipal Board have taken the oath of office in the presence of Kericho County Governor Dr. Eric Mutai.

John Kipruto Malel is now the CECM in charge of Public Service Management while Jackson Rop has been sworn in as the CECM for Trade, Industrialization, Tourism, Wildlife, and Cooperative Management.

In the colourful ceremony presided over by Kericho Chief Magistrate Charles Ombulutsa at the County Government premises, Mrs. Mercy Mutai was also sworn in as a Kericho Municipal Board Member.

Kericho Governor congratulated the new appointees and challenged them to use their experience and skills to improve service delivery to the residents of the county.

Dr. Mutai observed that the new team came in when his administration had lined up various projects that needed to be implemented as soon as possible for the benefit of the residents.

‘The Kipkelion East Factory for maize is ongoing; we are also working on a
dairy processor at Belgut in partnership with the national government. We are equally working on the Roret Pineapple project and have a plan to build 15 modern markets. We need to take Kericho County to the next level through trade investments and innovations and that is why we need to make our Jua Kali industry vibrant for them to prosper,’ said Dr. Mutai.

The Kericho Chief Magistrate who presided over the swearing-in ceremony disclosed that land has already been set aside for the construction of new law courts in Kericho after the existing building was condemned due to structural defects.

‘We are also making plans to establish a permanent court in Kipkelion, Soin-Sigowet, and Kapkatet. Also in the pipeline, we will establish a county court just within the town where the small claims court will also be,’ he added.

Also present at the function were the Speaker of the County Assembly of Kericho Dr. Patrick Mutai, and members of the County Assembly of Kericho.

Source: Kenya News Agency

Nanyuki Residents Counting Losses Due To Heavy Downpour

With the onset of the rainy season, Benson Mutuku, a tree grower in Nanyuki expected a boon from seedling sale but as fate would have it, he is now counting huge losses following a heavy downpour that has destroyed his business.

Mutuku, narrating the incident to KNA, said that the raging waters of River Nanyuki swept away about Sh300,000 worth of tree seedlings in Nanyuki town as he watched helplessly on Tuesday afternoon.

‘I have incurred a huge loss, almost Sh300,000; everything is gone and I don’t know what to do now. This rainy season, I was well prepared and if the rains continue, I have nothing to sell,’ pensive Mutuku said.

Additionally, he said that it was his first time for such losses and urged the government to help the tree growers that were affected jumpstart their businesses.

‘If it is possible, since we are keen on environmental conservation, the government needs to come to our aid and support us. My children are depending on me and now I don’t know where to start,’ said Mutuku.

Mutuku is
among the scores of residents that were affected by the on-going rainfall in Laikipia County.

Further, motorists plying the Nanyuki-Timau route were caught up by the heavy rains causing them to seek alternative diversion after the River Nanyuki submerged the Nanyuki Bridge. There was traffic snarling up for nearly an hour before the rising water subsided.

Laikipia County Commissioner Onesmus Kyatha said about seven families in Likii informal settlement and William Holdings animal sanctuary were affected by the flush floods. He said the government was monitoring the situation and there was no need for an alarm.

At the same time, the CC encouraged residents staying in areas prone to flooding to move to safer grounds.

Meanwhile, according to the Kenya Meteorological Department’s weekly weather forecast, the current rainfall is expected to continue in several parts of the country.

The weatherman warns that flooding is expected in low-lying lands and places with poor drainage and at the same time the public s
hould be cautious.

Source: Kenya News Agency

Konza Technopolis Signs Mou With Acyberschool To Train Kenyans In AI

Konza Technopolis Development Authority (KoTDA) has signed a Memorandum of Understanding (MoU) with Acyberschool to train one million Kenyan youths on artificial intelligence (AI) and cybersecurity.

The partnership is geared towards positioning Kenyan youth in a vantage position to create and thrive in jobs in the digital economy across Africa and beyond.

The MoU, which was signed on Wednesday at the ongoing Connected Africa Summit 2024 at Uhuru Gardens in Nairobi, will be implemented in five years, with both parties collaborating in mobilization of resources required to make the partnership successful.

Speaking after the signing, KoTDA Chief Executive Officer (CEO) John Paul Okwiri noted that the partnership will boost the Jitume Digital Skills programme and accelerate digital skills development in the country.

‘This partnership with Acyberschool will enable us to train Kenyan youth on AI, emerging technologies, and cybersecurity solutions. This means that in the near future, we will enhance our ability
to have more jobs in the digital space,’ said Okwiri.

He added that the programme which will be done in phases is a key target for the two partners, and believes that through mobilising resources together, they will be able to augment their key efforts in Jitume programmes.

In his remarks, the CEO, Acyberschool and Chairperson, Africa Cybersecurity and AI Foundation (ACAIF) Evalyn Oloo who urged Kenyan youth to take advantage of the training, said the MoU will help young Kenyans acquire skills required in the market as well as prepare them to be ready for future jobs.

‘Cybersecurity and AI are emerging areas which are key to the new digital jobs. We are training Kenyans for the future of work, and I would like to encourage all young people to take this opportunity, train and acquire the relevant skills required to thrive in the digital industry.’ she said.

The African ICT Industry has been calling on all industry players at the ongoing Connected Africa Summit 2024 which started on Monday this week to leve
rage young people and advance the digital space.

Currently, Konza Technopolis, ICT Authority and The Technical and Vocational Education and Training Authority are spearheading the Jitume Programme training together with the private sector in an endeavour to provide specialised training and resources to support growth.

Source: Kenya News Agency