Business
Microfinance Banks Assure Improved Service Delivery
The National Association of Microfinance Banks (NAMB) says it will put measures in place to ensure members deliver the association’s mandates to customers.
The NAMB’s President, Mr Rogers Nwoke disclosed this to newsmen at the side- line of the association’s National Executive Council meeting held in Abuja.
“So what we are doing is to prepare our members to be able to deliver on the micro finance promise which is poverty alleviation, financial inclusion and access to finance.
“That is what we are doing today and we are looking forward to after today begin to get to the grassroots where our members really are and ensure that it doesn’t just happen at the headquarters.
“What you see here today are states and zonal leaders in all the various locations of the country.
“So we will take this campaign down to ensure that microfinance banks are well positioned to deal with the issues that we expect at the bottom of the pyramid.
“Because that clearly is where the key to the microeconomic development of the country is; and I think that we will get it right.”
The NAMB president said that Nigerians wouåd see a major shift in the microfinance sector within the next 12 months in accordance with present leadership of the association.
“Nigerians will see a major shift from what they have been getting from their microfinance banks.
“We are doing BVN enrollment; we are buying our BVN machines and getting our members to enroll their customers, we are signing on to NIBSS and getting integrated into the national payment systems.
“Many of our banks are now digitalising their operations; I think Nigerians are in for a better deal coming forward.
According to Nwoke, the meeting would be used to strategise plans on improving the association with the viewsituation to tackle the various challenges confronting them.
He added that the meeting would also be used to prepare the executives to serve its members well and deliver on the association’s promises.
“We plan on ensuring adequate and effective monitoring and evaluation of the sectors activities and also ensure members abide by the code of ethics and code of conduct.
“As you are aware, the ultimate beneficiary of a well run professional microfinance banks is the consumers,’’ Nwoke said.
NAMB is the apex organisation and an association of all regulated microfinance banks in Nigeria.
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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