Business
Economic Growth: Institute Harps On Successful PPPs Implementation
The Institute of Busi
ness Development, Port Harcourt, has said that sustainable development could only be achieved through a successful implementation of Public Private Partnerships (PPPs) in the country.
The Burser of the institute, Mrs. Ibanga Ibeleye, made this declaration in a chat with The Tide in her office at Odili Road, Port Harcourt on Wednesday.
Ibanga said the present economic realities in the nation underscores the need for continued exploration of alternative funds to finance the critical projects in the country.
She noted that this could only be possible when heads of industries and government agencies acquire reguisite knowledge and experience that would address key issues in the development sector.
She explained that through PPP’s infrastructural development, the nation’s economy will take a turn for the better, saying,“We in private business are certain that if we are given the chance, we can help develop our nation and we do hope that government would establish a concrete partnership with the private sector to help bridge the infrastructure deficit in the country”.
She further said the private sector was concerned about successfully implementing bankable projects, and also provide infrastructure in the rural communities to curb rural-urban drift saying the lack of basic infrastructural development was militating against the development in rural areas.
She advocated for the need of a business friendly environment to attract a large scale capital investment to the state.
Tonye Nria-Dappa
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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