Business
NGO Challenges Women Entrepreneurs To Legalise Businesses
President, RegCharles Group, a not-for-profit organisation, Mr Peter Mbama, last Wednesday in Lagos urged women entrepreneurs to legalise their businesses to position them for better opportunities.
Mbama told newsmen that some women entrepreneurs often allowed themselves to be suppressed in the male-dominated world.
He said that most women entrepreneurs had also failed to take their businesses beyond their neighbourhood.
“But I urge women to work harder to break the barriers of culture and to take the courage to put more professionalism into their businesses so that they can perform better.
“This is a challenge that has hindered most female entrepreneurs to access loans and so, they remain mediocre, even though studies suggest that women repay loans more promptly.
“If women can make more sacrifices and legalise their businesses, they would even do better or be at par with men in entrepreneurship,’’ he said.
Mbama said that more women were participating in business now and this had led to financial freedom and reduction in poverty, especially among the very poor ones.
He urged women to embrace partnerships by joining cooperatives and associations relating to their businesses so as to reduce the rate of informal businesses being run by women.
“The risk of continued informal businesses, I mean unregistered and illegal businesses are not good for the economy.
“Running only subsistence businesses also limits the business owner from accessing some basic benefits that being formal can earn, like bidding for contracts,’’ he said.
He also urged the government to direct commercial banks to consider women’s challenges by giving out more loans to them.
Mrs Lola Okanlawon, President of NECA’s Network of Entrepreneurial Women (NNEW), also told our source that the association wanted to train women to be more professional.
in their businesses.
Okanlawon said that the association would provide more support for women to legalise their businesses this year.
She appealed to the government to implement single digit interest on loans to women entrepreneurs to aid their growth.
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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