Business
Firm Charges SMEs On Insurance Cover
The Managing Director, Law Union and Rock, Mr Jide Orimolade last Thursday advised Small and Medium Enterprises (SMEs) to obtain insurance cover for their businesses.
In an interview with newsmen in Lagos, Orimolade said that Nigeria’s economy could sustain the growth of SMEs that have insurance cover.
He said: “Some SMEs folded up immediately they receive shocks; the shocks surfaced in form of fire incidents, floods, building collapse and burglary, among others.
“This is because the owners of the businesses dodged taking up insurance policies during the registration of such businesses.”
Orimolade pleaded with SMEs without insurance cover to do so by buying policies related to the risks of their businesses.
According to him, the policies will provide money to restore the businesses in case a mishap occurred.
He said that the industry had many insurance products that could mitigate risks faced by SMEs.
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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