Business
Belgian Firm Offers To Revive Nigeria’s Free Trade Zones
A Belgian firm, Buck Consultants International, has proposed to revive Nigeria’s free trade zone through direct investment and consultancy services.
Mr Karel Vanroye, the Director of the firm, made the proposal on Tuesday when he paid a courtesy visit to Dr Samuel Ortom, the Minister of State for Trade and Investment, in his office in Abuja.
Vanroye said Nigeria had a lot of free trade zones that were not functioning effectively, and needed to be repositioned.
“We are looking for the acquisition of free trade zones and also looking for investors because we have many clients who are ready to invest in Africa, particularly Nigeria.
“We can revive the free trade zones and create jobs. We are also service providers on policy issues.
“We have noticed that some licences issued to prospective investors in the area are dormant and we need to ask ourselves why.”
He said Nigeria needed to distinguish itself in a competitive international market, adding that his firm was ready to sell Nigeria to the world as a good location for business.
Responding, Ortom said Nigeria was a virgin ground for investment, adding that the Federal Government was providing a conducive atmosphere for investment.
He said the ministry was “focusing on creating jobs and wealth, signing bilateral trade agreements with other nations and developing entrepreneurship through small and medium scale enterprises.”
Ortom said the ministry would collaborate with other ministries to assist the firm once it submitted its detailed proposal.
Free Trade Zones are free ports where goods may be landed, handled, manufactured or reconfigured and re-exported without the intervention of the Customs.
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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