Business
RIMA To Empower 100,000 Rivers Entrepreneurs
The Managing Director / Chief Executive Officer of Rivers State Micro Finance Agency (RIMA), Mr Innocent Iyalla Harry, has disclosed the projection of empowering 100,000 Rivers State entrepreneurs by 2015.
Harry, who made this known in an exclusive interview with The Tide in his office in Port Harcourt, said the projected empowerment of 100,000 economic active poor citizens which is done in phases will be concluded by 2015.
He said that in 2013 RIMA will empower 1,120 persons in Port Harcourt and Obio / Akpor LGAs in addition to the Rural Finance Institute (RFIs) expanded empowerment programme that cuts across the 21 Local Government Areas of the state. The RIMA boss said that the 1,120 economically active poor persons from Port Harcourt and Obio / Akpor is made up of 80 co-operative groups each of which has 14 persons.
He noted that the plan to increase the loan from N50,000 to N100,000 in the urban area is to cater for the high economic activities that take place in the cosmopolitan area of the state, which requires higher initial capital outlay.
On the fund available to RIMA for the huge empowerment programme, he said the agency is still operating with the initial N2 billion made available to her by the government.
“Unfortunately, we have not been able to increase our capital base apart from the initial N2 billion given to us from the inception of the agency. By the law that sets up RIMA, we are expected to get I per cent of the capital budget every year which should amount to N15 billion, but it has not gotten to us.
We have areas of expectation from 200 to 2013. We have made our presentation, so we are not going to fold our hands waiting for the fund to come but we will use the recovered loans to continue the empowerment programme, he said.
He called on the rermaining 20 percent of the past phase to return the loans to enable others benefit from the empowerment programme that is aimed at poverty alleviation and the reduction of criminal activities in the state.
On why RIMA is not using the micro finance bnaks, he said the micro finance banks failed in meeting RIMA’s expectation which formed the idea of using co-operatives and RFIs, adding that this has paid off over the years.
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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