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

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

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

Chief of Azulenloanu appeals to Ghana Gas to refurbish classroom block at Azulenloanu


Chief of Azulenloanu, Nana Addo-Nreda VI, has appealed to the Ghana National Gas Company to refurbish the dilapidated classroom block in the Azulenloanu community to allow children of school going age to be enrolled in the school.

He expressed wary that the current situation of the classroom block had forced many parents of the community to withdraw their children to other schools in neighbouring communities.

Nana Addo-Nreda VI made the appeal when he paid a visit to the Ghana Gas Office Complex at A.B. Bokazo in the Ellembelle District of the Western Region.

The visit afforded him the opportunity to discuss developmental problems worrying the Azulenloanu community within the oil and gas enclave and solicit the Company’s assistance for redress.

The Traditional Ruler expressed deep concern about the near collapse of the Pre-School building which had forced Nursery school children to stop going to school.

Nana Addo-Nreda VI said the rooftop of the building leaked during the rainy seasons thereby disrupting
teaching and learning activities.

The situation has compelled school children to sit down in the dust and learn as the floor as well as the entire block had not been plastered.

The Chief said lack of teachers’ bungalow forced newly posted teachers to the town to run away.

Nana Addo-Nreda VI implored Ghana Gas Company to factor the school into their corporate strategic plan and come to the aid of the school.

He said education was the future of the current generation and the community could not afford to sit down aloof for the total collapse of the school.

For his part, Senior Manager in charge of Community Relations at the Ghana National Gas Company, Mr Stephen Donkor expressed concern about the plight of the school and the community.

He said Ghana Gas Company had made significant investments in education as the bedrock of national development.

Mr Donkor assured the Chief that the concerns of the community would be tabled before the Chief Executive Officer of the Company for consideration.

Source: Gha
na News Agency

More than 60,000 students offering TVET for 2023/2024 year – Dr Adutwum


Dr Yaw Osei Adutwum, Minister of Education, says a total of 60,481 new students have enrolled in various Government TVET institutions for the 2023/2024 academic calendar compared to less than 20,000 students enrolled annually prior to 2017.

With this new enrolment, the total number of enrolments in Government TVET institutions, which provide free TVET, stands at 157,681.

This follows the realignment of TVET institutions to the Ministry of Education (MoE) and consolidation of the Free TVET for ALL, coupled with the implementation of the MyTVET campaign to change perceptions about TVET in the country.

Dr Adutwum whose speech was read by Prof. Mark Adom Asamoah, Advisor on STEM at the Ministry of Education, made the disclosure at the maiden TVET Symposium and the launch of the Second Edition of the Ghana TVET Report in Accra.

The conference, which was on the theme: ‘Advancing TVET and skills development towards sustainable and decent job creation’, was attended by officials from TVET institutions, and studen
ts.

Dr Adutwum also said to fully harness the potential offered by TVET, the government had initiated a number of policies as part of the TVET transformation agenda, and in the process of developing new Competency Based Training (CBT) curriculum amidst massive investments in TVET infrastructure, and TVET teacher training, among others.

Dr Adutwum also revealed that the Government of Ghana in collaboration with development partners had established a competitive fund, called the Ghana Skills Development Fund (GSDF).

He said the GSDF was embedded in the Government’s TVET policy to ‘improve the productivity and competitiveness of the skilled workforce and raise the income-earning capacities of people, especially women, low-income groups, and People with Disabilities (PWDs) through the provision of quality-oriented, industry-focused, and competency-based training programmes and complementary services’.

He said at least 42,000 individuals were expected to be employed in the private enterprises for six months af
ter the implementation of the grant, resulting in increased income and better welfare of Ghanaians.

He said just last year, over 200 million Ghana cedis was disbursed to more enterprises as part of the implementation of the GSDF.

‘I would like to encourage all gathered here to take advantage of this opportunity that has been provided by the government’ he said.

Dr Fred Kyei Asamoah, Director General, Commission for Technical and Vocational Education and Training (CTVET) in his remark, stated that as part of the Commission’s mandate as stipulated in Act 1023, they were expected to develop and publish annual reports on the state of TVET in Ghana.

He said the Commission had since 2022 been developing those reports meant to collect data on a set of indicators to measure the efficiency and effectiveness of the TVET sector.

He said the TVET Reporting provided a spine for the development of programmes and Policy formulation and also contributed to building a robust TVET system for Ghana’s development.

Source:
Ghana News Agency

Ho Technical University not aware of any recent attempts to rename University – Management


The Management of the Ho Technical University says it is not aware of any attempts to rename the University.

It said the Vice-Chancellor had neither been invited to nor participated in any meeting or event regarding renaming of the University.

Dr Christopher K. Ameh??, Registrar of the University, in a statement noted that Management of the University received a letter dated April 20, 2024, addressed to the Vice-Chancellor and signed by the Secretary to the Asogli State Council on behalf of the Council.

The release said the letter was presented by a delegation of chiefs and people of Asogli, led by Togbe Adzie Lakle Howusu XII, on Monday, April 22, 2024.

It said the Management had also taken note of a press conference held by the traditional leaders prior to the presentation of their letter to the University.

The release said Management had initiated steps to engage with the Council to address any concern regarding the matter in the interest of ensuring the peace and progress of the University.

However,
the Minority in Parliament has described attempts by the government to rename the University after a Ghanaian composer, Ephraim Amu as illegal.

Source: Ghana News Agency

Coalition of Unemployed Trained Teachers demand postings


The 2022-year batch of the Coalition of Unemployed Trained Teachers from 46 public Colleges of Education has appealed to the government to fulfill its promise of automatic postings for graduate teachers.

The coalition, at a press conference in Tamale on Tuesday, said: ‘Automatic posting as it is widely known, is a norm for every batch or group from the Colleges of Education.

‘We, the first batch of the newly introduced Bachelor of Education Degree programme, have been ignored and left to our fate. It saddens us as pioneers of a new programme, who have equally met all the requirements for postings to still be at home by this time.’

Mr Mohammed Murtala, President, Coalition of Unemployed Trained Teachers, who read the statement on behalf of the group at the press conference, said the development had become dire to the extent that most of the members of the coalition, who out of frustration, decided to apply for private schools, were rejected with the notion that government would soon employ them.

The statem
ent said: ‘There is a looming danger in the education sector if we are not employed immediately because the 2023-year group is currently doing their national service. So, if we are not recruited immediately, there is a possibility of creation of blockage in the sector.’

It said since 2018 when the National Service and Licensure Examinations were introduced in the Colleges, no trained and licensed teacher had remained unemployed and wondered why the 2022-year group after satisfying all the requirements, had remained home.

It said the group on February 21, 2024, released its first press statement and followed it with a letter to the Ghana Education Service, copied to the Ministry of Education on the February 29, 2024, but there was no response.

The statement said, ‘This made us resort to another press release on the 15th of March 2024. This time, there was a swift response, and a formal meeting was held with the Ghana Education Service on the 22nd of March 2024.’

It added, ‘We were assured that the portal f
or recruitment would be opened in April, this year. Shockingly to us, we are in the tail end of April yet there is no single message or information concerning our postings. To say we are in disarray and perturbed will be an understatement.’

It emphasised that, ‘In the interest of the Ghanaian learners, who are anxiously waiting for their Common Core Teachers, and the interest of the Ghanaian taxpayers, whose taxes were used in training us, we want the Ghana Education Service and the Ministry of Education to do the needful and fulfill their duties by recruiting us at the end of this month.’

It added that, ‘We also expect that provisions be made in advance for our colleagues with resit. Otherwise, we will hit the streets to register our displeasure.’

Members of the coalition during the press conference held placards with inscriptions such as ‘Why Implement a New Curriculum and Delay the Postings of the Pioneers’, ‘We Cannot Continue to Depend on Our Parents’, ‘Post us Now’, ‘Four Years of Intensive Studies,
One year of Mandatory National Service and Successfully Passing Licensure Exams, but Yet Unemployed,’ among others.

Source: Ghana News Agency

Nasco Code Academy launched at Sawla to promote digital literacy


Nasco Feeding Minds, a non-governmental organisation, has launched the Nasco Code Academy as part of its mission to champion digital literacy in underserved areas.

The Academy was launched at Sawla in the Sawla-Tuna-Kalba District of the Savannah Region, with the aim to providing a year’s intensive training to equip beneficiaries with skills to meet demands of the digital industry.

Another Nasco Code Academy was launched early this month at Techiman in the Bono Region.

Its comprehensive curriculum promises a transformative experience where graduates would emerge competitive with skills of highly sought-after programming.

Graduates of the Academy are expected to be more than just consumers of technology, empowered to craft solutions that tackle local challenges.

Representatives of directors of education, local government officials, head teachers, parents and other stakeholders attended the launch.

Mr Banasco Nuhu Seidu, the Executive Director, Nasco Feeding Minds, said; ‘Nasco Code Academy is not just ab
out equipping young people with technical skills. It is about empowering them to become active participants in the global tech revolution.’

Launching the code academy was the NGO’s leap in its operations to bridge the digital divide and prepare the next generation of Ghanaian tech leaders, he said.

Nasco Feeding Minds, over a decade, had been committed to serving deprived communities with 17 ICT centres built across the country to offer basic computer skills training to the youth.

‘Ghana’s tech sector is hungry for skilled professionals, and the Nasco Code Academy is here to bridge the gap. This initiative goes beyond routine memorisation. It fosters a culture of innovation and problem-solving,’ Mr Nuhu Seidu said.

He expressed optimism that providing quality digital education to the youth would help mitigate poverty and forced migration crisis.

The Nasco Feeding Minds, through the Code Academy, would prepare the youth in coding and software engineering skills and assign them to various companies to work
, he noted.

Sawla Wura Abdulai Nugbaso, the Chief of Sawla, lauded the initiative and encouraged beneficiaries to seize the opportunity to become masters of the field to earn a living with the skills acquired.

He pledged to support in any way possible to complement the efforts of the NGO.

Mr Wilfred Yelelagee, who spoke on behalf of the Sawla District Director of Education, said the Nasco Feeding Minds had been committed to improving education in the region, which was worth emulating.

Source: Ghana News Agency

Passengers appeal to transport operators to officially announce new fares


Some passengers have appealed to transport operators to officially announce new fares to avert petty quarrels between them and drivers.

The GNA observed that some commercial drivers have increased fares by about 20 per cent since last Saturday, with drivers charging GH9 .00 instead of GH7.50 from Madina to Accra Central Business District.

Also, some passengers are paying GHC7.00 instead of GHC5.50 for a taxi trip from Old Ashongman to Madina.

This is causing misunderstanding between drivers and passengers, some leading to assaults.

Some passengers whom the GNA talked to, said they had not officially heard from the Ghana Private Road Transport Union on any new increment hence unwilling to pay new fares.

Comfort Okyere told the GNA that she was surprised at the increment, saying the Ghana Private Road Transport Union had earlier told the drivers to hold on with the collection of any new fares.

The GNA gathered that some drivers started collecting new fares on Saturday April 20, 2024.

The GNA also observe
d that some commercial drivers (trotro drivers) have printed and pasted new fares in their vehicles.

Source: Ghana News Agency