Business
RSG Tasks PHCCIMA On SMEs Funding
Rivers State Government has urged the Port Harcourt Chamber of Commerce Industry, Mines and Agriculture (PHCCIMA) to ensure that its Small and Medium Enterpreneurs (SMEs) scheme does not end in the city, but spread to the grass roots of the 23 Local Government Areas of the State.
The deputy governor of the State, Engineer Tele Ikuru, who gave the charge during the launch of PHCCIMA’s Credit Support Scheme for SMEs in Port Harcourt on Wednesday, said that the state government has established a number of schemes to empower people and develop capacity even at the grass roots, especially through its agencies like the RSSDA.
Ikuru who was represented by the Governor’s Special Adviser on Aquaculture, Mr Alapuye Corttrell, also urged PHCCIMA to provide adequate management for the small businesses where owners should be separated from the business.
With the driving force of employment generation, the deputy governor, said that the scheme should be extended to palm wine tappers, bread sellers and fish traders in the rural areas.
He however commended PHCCIMA for the Free Collateral loan scheme which he said is unusual, stressing that such will boost business and productivity.
Earlier in his speech, the President of the Chamber, Emeka Unachukwu stated that PHCCIMA is interested in small businesses, giving instance of a Uniport student who needed N150,000 to fund his insecticide business, but had no access to funds.
The PHCCIMA president said that the primary objective of the chamber has been to provide support for member organisations, adding that PHCCIMA has devised a new structured credit scheme that will allow organisations access to good funding with low interest and relatively long-term duration.
Highlight of the occasion was the unveiling of the scheme by the deputy governor’s representative in support of other past leaders of PHHCIMA.
The gathering was withnessed by the sho-is-who in business in the state, including representatives of various banks, organizations and industries, including the RSSDA boss, Nobble Pepple who was inducted by the chamber.

L-R: Co-ordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, South African Minister Of Finance, Mr Pravin Gordhan and Executive Secretary, African Capacity Building Foundation (ACBF), Prof. Emmanuel Nnadozie, during the African Ministers of Finance meeting in Abuja last Saturday.
Corlins Walter
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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