Business
China Invests $1.79bn In Nigeria
The Consul-General of the People’s Republic of China in Lagos, Mr Liu Kan, has said that China’s non-financial direct investments in Nigeria in 2013 stood at $1.79bn (about N293.5bn).
Liu told newsmen in Lagos last Wednesday that the investments were mainly those of Chinese companies involved in free trade zone, petroleum, iron and steel, manufacturing and agricultural sectors.
“The main investors, which are more than 40 companies, include China National Offshore Oil Corporation, China National Petroleum Corporation and China Railway Construction Corporation.
“The Chinese Government will continue to encourage and support Chinese companies’ investment in Nigeria,” Liu said.
The envoy, who did not give statistics of the companies’ investment in 2012, said that their investments in Nigeria would increase in the future.
He said the Chinese Government was committed to supporting Nigerian Government’s efforts at attracting foreign investment.
The consul-general noted that both countries had over the years achieved mutual benefits in areas of cooperation.
He listed the areas of cooperation to include politics, economy, agriculture, infrastructure, communication, cultural exchange and education.
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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