Business
UN-MATATO To Establish Trade/Investment Zone In Lagos

The United Nations Maritime Transport Administration and Trades Organisation (UN-MATATO) is set to boost the economic growth, as well as job opportunities in the country through the establishment of a trade and investment zone.
Fleet Marine Marshall, Taiwo Mogbojuri, disclosed this at the community orientation and flag-off ceremony of the project on Monday in Lagos.
Mogbojuri said that the zone, which would be sited at Owode-Ibeshe, Ikorodu, Lagos, would enhance trading, tourism, manufacturing and maritime sectoral activities in the state.
He said that the community was chosen because of its easy accessibility through waterways to various parts of the state, adding that the project duration would be between eight to ten years.
“The project is borne out of the desire to promote the economy of Lagos and Nigeria at large, and to reduce the unemployment rate.
“I deem it fit and the time is now, to progressively chart the development of Lagos State and Nigeria at large,” he said.
According to him, residents whose buildings will be affected by the project will be compensated and resettled in other parts of the community.
Mogbojuri said that the project would be financed by the World Petroleum Exploration Nations and Maritime Organisations, the International Maritime Transport Commerce and Petroleum Organisation, and Lagos State Marine Services Ltd.
The traditional ruler of Ibeshe town, Oba Richard Ogunsanya, expressed appreciation at the project, saying it would bring development to the community, the state and the country at large.
He pledged the support of the community to ensure peace, stability and an enabling environment for the project.
The Tide source reports that UN-MATATO is a global federation of international organisations in maritime and trades facilitation matters, whose mission is to enhance the effectiveness and efficiency of maritime and global trades administrations.
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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