Business
‘Low Patronage, Bane Of Local Automobile Industry’
The Inter-Ministerial Committee on the revival of the automobile industry has identified low patronage and high operational costs as factors militating against the smooth operation of local automobile firms.
Other problems, according to the committee, include low capacity utilisation and insufficient government protection in form of tariff control.
Mrs Josephine Tapgun, Minister of State for Commerce and Industry and head of the committee, said this on Thursday in Abuja while briefing Vice President Namadi Sambo.
Tapgun, who submitted a copy of the committee’s report to Sambo, said the body had recommended both long and short-term solutions to address the issues raised..
The issues centre on patronage, tariff, intervention funds, local content and affordable models of vehicles for the country.
Receiving the report, Sambo said government would take decisive measures to ensure immediate revival of the industry.
He, however, said the primary focus for now would be on the existing automobile outfits, adding that the issue of motorcycles and bicycles would be looked into later.
Sambo gave the assurance that government would examine the report and take action on it as quickly as possible.
He asked operators of the automobile industry to propose proper business models that would make their products more attractive to prospective buyers.
Reports have it that during the inauguration of the committee on June 4, Sambo had charged it to “critically examine the problems militating against the smooth functioning of automobile industries in the country.”
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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