Business
DG Charges Micro Entrepreneurs To Access Scheme
The Director General,
Microfinance and Enterprise Development Agency (MEDA), Mr. Ignatius Atsu, has charged Micro, Small, and Medium enterprises in Cross River State, to access the Micro, Small and Medium Enterprises Development Fund (MSMEDF) scheme.
Atsu gave the charge during the signing of a Memorandum of Understanding (MoU) with the first batch of Participating Financial Institutions (PFls) in respect of the’MSMEDF, recently in Calabar.
According to the Director General, “Access to finance has continued to be a challenge to Micro, Small and Medium Enterprises in the State and as such, MEDA has in the last three years designed and facilitated loans”.
Atesu stated that MEDA has facilitated various loans such as; farm loans to yam farmers in Ogoja an Yakurr local Government Areas, micro credit and business training and Support to young entrepreneurs in the State amongst others.
He announced that the repayment of the various loans has commenced and is progressing successfully, while noting that with the approval of the Governor, Senator Liyel Imoke, the proceeds from the repayment have been ploughed back into the revolving Micro Credit Scheme.
He noted that, the MoU was an initiative used by MEDA to facilitate access to affordable and reliable finances for the Micro, Small and Medium Enterprises in the State.
He further stated that, “the fund which is available to all Cross Riverians or Entrepreneurs who are eighteen years and above, residing or doing business in the State in all sectors of the State economy, is a window through which the State is accessing two billion naira from the Central Bank of Nigeria adding that MSMEDF supports the establishment and growth of Micro, Small and Medium Enterprises across target sectors, to reduce unemployment amongst youths in the State”.
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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