Business
‘BUCCI, African Chambers Fostering Trade Relations To Develop SMEs’
The Abuja Chamber of
Commerce and Industry Limited (ABUCCI), says it is promoting trade relations with other chambers of commerce within and outside Africa to create trade opportunities for Small and Medium Scale Enterprises in Nigeria.
The President of ABUCCI, Mr Tony Ejikonyem, made this known in an interview with newsmen in Abuja on Thursday.
Ejikonyem said that in order to create a platform for SMEs to expand their horizons, ABUCCI had entered into partnerships with some of the chambers.
“One of our visions when we came on board was to foster regional trade within Africa.
“To foster trade is to form alliances with regional chambers of commerce.
“We have signed several MoUs with several chambers of commerce within and outside Africa in order to generate more business for our Nigerian businessmen.
“We’ve formed a lot of strategic alliances with sister chambers within Africa and outside Africa.“
He said that operators of small busineses in the country were not taking advantage of the enormous trade potential available in Africa.
According to him, the lack of relevant information on investment has prevented many traders from exploring the many business opportunities within the region.
Ejikonyem said that ABUCCI was providing training for its members to build their capacity to embark on viable businesses.
The president of ABUCCI added that the chamber was assisting its members to access the N220 billion SMEs fund provided by the Federal Government.
“As you know, government has made available N220 billion to SMEs.
“We have also made ourselves available to those government agencies responsible for the disbursement.
“We are the voice of the private sector; so we are in a position to actually help draw up a better modality for them to access the fund,“ he said.
The president also said that 85 per cent of members of ABUCCI were involved with SMEs.
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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