Business
Afreximbank Meeting: Obasanjo, Others To Speak On Political Uncertainties
Three former African
Presidents are expected at activities marking the 22nd Annual General Meeting of African Export-Import Bank (Afreximbank) in Lusaka, the bank has said.
This is contained in a statement by the bank on Monday in Lagos.
The bank said former President Olusegun Obasanjo of Nigeria, Thabo Mbeki of South Africa and Joaquim Chissano of Mozambique would speak at the event scheduled for June 10 to June 13.
It said that the former presidents would speak on political uncertainties and insecurity in Africa during a panel discussion on June 11.
The statement said that the discussions by the former presidents would form part of meetings and seminars of the Advisory Group on Trade Finance and Export Development in Africa.
Other speakers will include Justin Lin, a former World Bank Chief Economist and Professor of Economics at the China Center for Economic Research and National School of Development, Peking University, China.
The speakers will be joined by high-level representatives of the Zambian Government and experts in African trade finance.
A key highlight of the meeting will be the appointment of a new president to take over from Jean-Louis Ekra, the current President of the Bank, whose tenure comes to an end this year.
Afreximbank, with an authorised capital of five billion dollars, has four classes of shareholders.
Class “A” is comprised of African governments, African central banks and African regional and sub-regional institutions, while Class “B” consists of African private investors and African financial institutions.
Class “C” is made up of non-African financial institutions, export credit agencies and private investors, while Class “D” is a category under which any person or entity can be allotted shares.
Afreximbank is a Pan-African multilateral financial institution devoted to financing and promoting intra-and extra-African trade.
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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