Business
ECOWAS To Move For Highway Funding
T
he Economic Commu
nity of West African States (ECOWAS) Steering Committee on the Abidjan-Lagos Corridor plans to approach members of the BRICS (Brazil, Russia, India, China and South Africa) for funding of the project.
This follows a meeting that has been concluded in Abuja.
The committee recommended that the BRICS countries, which comprises of the fastest-developing economies in the world, particularly China and India, should be approached with a view to securing the required financing.
At least $2 billion is required for the project linking Nigeria and the Ivory Coast.
The committee also recommended that a feasibility study be conducted prior to securing sustainable financing sources and contracting the services of the African Development Bank (AfDB), the World Bank and the African Finance Corporation (AFC) as financial and project set-up consultants.
ECOWAS plans to resume construction in 2014.
The 1 000 km- road, will account for 75 per cent of regional trade and impact on some 30 million ECOWAS of the citizens.
It will link major cities such as Lagos, Cotonou, Accra, Lomé and Abidjan as well as the region’s sea ports and landlocked countries such as Burkina Faso, Mali and Niger.
A committee comprising Ministers of Road Infrastructure, Transport, Public Works, Finance and Justice of Benin, Cote d’Ivoire, Ghana, Nigeria and Togo is steering the project.
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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