Business
Trade Between African Countries Decline
The Permanent Secretary in the Federal Ministry of Trade and Investment, Mr Dauda Kigbo, has said that the volume of trade among African countries, especially in the non-oil sector has hit steady decline in recent years.
Kigbo, represented by the Executive Director of the the Nigerian Export Promotion Council, Mr David Adulugba, made the statement in Abuja on Tuesday at the opening of a three-day workshop on “Enhancing National Export Competitiveness Strategies’’.
“In 2011 the volume of trade was in the region of 13.48 per cent among African countries.
“This figure compares with 53.48 per cent and 23.06 per cent of Nigeria’s non-oil export to Europe and Asia, respectively. ’’
Kigbo cited some factors as being responsible for the low trade, naming some of the factors as costs of production, logistics and trade barriers, among others.
“This made our goods less competitive for trade among us as well as other regions of the world. ’’
The permanent secretary said that the workshop was expected to address strategies required to facilitate export of goods and services within African countries.
He said that the workshop would also focus on innovation, knowledge, research and development to ensure sustainable competitiveness.
Kigbo called on the workshop participants to provide the needed impetus for achieving the benefits of trade among African countries, describing the workshop as a platform for sharing the experience of representatives from different countries in Africa.
“And this implies bringing together different ideas and experiences which will make each one of us better educated in understanding our similarities and differences”.
Dr Samuel Ortom, the Minister of State for Trade and Investment, expressed optimism that non-oil export was a key player in economic development.
He said that striving to be competitive in the international market place was one of the basic foundations for economic growth of any nation.
According to the minister, the main thrust of the current government of Nigeria is premised on an economic transformation agenda which includes an aggressive export drive.
Ortom said that the ministry was working on accelerated implementation of the Nigerian export strategy that would pave way for economic growth.
The workshop is jointly organised by the Commonwealth Secretariat in London and the Federal Ministry of Trade and Investment.
Nigeria, Gambia, Sierra-Leone, Uganda, Kenya, Cameroon, Rwanda and Ghana are among the countries participating in the workshop.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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