Business
World Bank Gives Farmers N77m Loan
The World Bank has given N77million credit facilities to some commercial farmers in Cross River State with a view to boost rice, cocoa and oil palm production.
Commercial Agriculture Development Association (CADA), Chairman Mr Owali Ilem, made the fact known to newsmen in Calabar. He said that loans were given to the farmers early in the year to enable them to prepare well for the new planting season.
The loans, which were routed through CADA, went to members of nine multi-purpose cooperative societies in the state. He said that one of the conditions to qualify for the loan was payment of “small’’ counterpart funds by each group or community.
Ilem said that the World Bank-sponsored agriculture development programme had been on in the state for about five years but that so far, the state government had contributed N168 million as counterpart funds.
“The state government’s contribution is a big boost to the programme but I am appealing to it to do more. The programme, would be rounded off soon has impacted positively on many farmers in the state,’’ he said
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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