Business
Institution Approves 300 Saving Groups
The Federal Government/International Finance for Agricultural Development (IFAD)-assisted Rural Finance Institution Building Programme (RUFIN), has approved 300 Informal Village Savings Groups (VSGs) for Akwa Ibom for the seven-year pilot programme.
The Southern Zonal Coordinator of RUFIN, Mr. Nse Inyang, made this known in an interview with the newsmen on Wednesday in Itu local council of Akwa Ibom.
Our source reports that three local government areas of Essien Udim, Itu and Onna are participating in the pilot phase of programme, out of the 31 councils.
Inyang said that the programme started last year in the state with a baseline survey on different savings groups out of which 300 were selected and documented.
He further said that the state government had shown enough commitment to the programme by paying its counterpart fund of N12 million for 2010.
“We started first with the sensitisation of the people, the programme is well accepted by the Akwa Ibom people and the awareness is high,” Inyang said.
The coordinator said that the state government had also provided the programme with furnished office as well as staff.
He added that the three benefiting local governments had also shown commitment to the programme by providing office, staff and logistics for the local government offices of RUFIN.
Inyang explained that RUFIN would not give money to any of the groups but rather build their capacity on how to make money themselves, save money and access credit facilities from micro-finance banks.
Our correspondent reports that four micro-finance banks: Prudential Cooperative Micro-finance Bank, Gufax Micro-finance Bank, Uniuyo Micro-finance Bank and Sapphire Micro-finance Bank, have been selected by RUFIN to work with the groups.
It is estimated that 28,750 families, out of which 11,500 will be women, will benefit from the pilot phase of RUFIN programme in the state.
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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