Business
UK Firms Express Faith In Nigeria’s Economy
International Trade Ad
viser at the United Kingdom (UK) Department for International Trade, Mr Carl Woolf, on Tuesday said that London companies would not be discouraged by Nigeria’s current economic recession.
Woolf told the newsmen on the sidelines of a ‘Market to Nigeria’ trade mission to Lagos that London companies would continue do business in Nigeria.
“London companies will continue to see Nigeria as a country with 180 million population with future huge opportunities.
“Economic recession or not, London companies strongly believe in the huge investment opportunities in this country, Nigeria.
“It is even better for us to be here during this current Nigeria’s economic recession for us to really know what the future holds for our companies here,” he said.
Woolf, who led a mission of London companies to Lagos, said that the companies were visiting Nigeria to establish long-term business relations with Nigeria.
He said that the mission was being part-funded by the European Regional Development Fund (ERDF) to enhance the competitiveness of London SMEs in international markets.
The UK International Trade Adviser said that the companies were interested and would be providing a wide range of products, services and expertise to Nigeria’s energy, infrastructure, agriculture and education sectors.
Woolf, however, said that it was imperative for Nigeria to examine her recent World Bank’s low ranking in Ease-of- Doing Business.
The UK government official said that if Nigeria’s Ease-of-Doing Business was favourable, more British and other foreign companies would increase their investments in Nigeria.
He also said that it was important for the British and Nigerian governments to look at the possibility of making their bilateral relations mutually favourable.
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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