Business
ICCN Wants Development-Oriented Policies For Host Nations
The International Chamber of Commerce Nigeria (ICCN) has advised its members to show concern for economic policies of host nations to guaranty growth and development as well as foreign direct investments.
Mr Babatunde Savage, ICCN Chairman, made this plea on Thursday at the 13th Annual General Meeting (AGM) of the chamber in Lagos.
According to Savage, business growth and development can only be guaranteed when entrepreneurs are aware of the impact of economic policies on their businesses.
“The new phenomenon of clamouring for public-private partnership may offer needed opportunities, but many businesses have suffered from inconsistency and policy summersault of government,” he said.
Savage, however, reiterated the commitment of ICC Nigeria towards the provision of business opportunities for its members to foster global trade and investment.
He said that the organisation’s financial statement for the year ended 2011 showed a remarkable increase in revenue which majored on membership subscriptions.
The chamber membership subscription increased by 14 per cent in 2011 to N11.85 million from t N10.40 million in 2010.
Its accumulated fund stood at N58.5 million in 2011 against N58.4 recorded in 2010.
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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