Business
AfDB Values 46 Projects At $3.9bn
The Country Director,
African Development Bank (AfDB), Dr. Ousmane Dore, said that the bank’s current portfolio of 46 projects was valued at 3.9 billion dollars.
This is contained in the bank’s newsletter, May edition, issued by its Nigeria Country Office in Abuja, yesterday.
Dore made the remarks at the Bank’s Country Strategy Paper (CSP) Medium-Term Review (MTR) workshop.
“The bank’s current portfolio of 46 projects is valued at 3.9 billion US dollars.
“The importance of deepening policy dialogue is to enable the bank to improve the quality of the bank portfolio,’’ Dore said.
He explained that project implementation issues were discussed at the workshop.
He added that the bank like, several development partners, faced challenges in project implementation due to signature delays, lack of counterpart funding and protracted process of setting up project management teams.
“There is urgency on the part of the Federal Government to address the bottlenecks and ensure effective project implementation.
Dore said that participants called on the bank to adopt more flexible and faster procedures for continuous sensitisation of MDAs on its rules and regulations.
He said that development partners as well were urged to improve donor coordination and harmonisation through co-financing arrangements and streamlining of procurement processes.
Participants acknowledged the importance of adjusting the CSP to respond to the new development priorities of the country in particular, targeted social protection programmes aimed at addressing the increased fragility and vulnerability in the North East.
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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