Business
Abuja Investment Expo Begins July 30
The Abuja Chamber of Commerce and Industry (ACCI) has assured that the forthcoming ‘Abuja Investment Expo’ scheduled for July 30 will provide affordable housing to the low and middle income earners in Nigeria.
ACCI’s Vice President, Commerce, Dr Johnson Anene made this known in Abuja while briefing newsmen on the expo which is expected to last for three days.
The Tide reports that ACCI is organising the expo in partnership with Shelter Aid Organisation, a Non-Governmental Organisation in the sector.
The expo is expected to feature investment summit, exhibition of housing and housing programmes, mining products, made in Nigeria products, building financing technologies, land matters, mortgages and investment opportunities.
Anene said that ACCI decided to use the platform to involve housing estate developers to enhance home ownership in view of the huge housing deficit in the country.
He listed the developers to include the Real Estate Development Association of Nigeria (REDAN), Brains and Hammers, Urban Shelter, Wiser Estate and other reputable private developers.
“We want to use the platform to promote affordable housing by bringing the estate developers who have been tested to offer houses to off takers at cheaper rates.
“There are houses that are completed but people are not occupying them so we want to use this forum to facilitate their occupation.
“The low income earners cannot afford these houses because of high prices. A lot of the housing developers will be auctioning houses with different packages and discount of 50 per cent.
“We are introducing “Rent to Own” scheme whereby one will pay rent and liquidate the purchase price of the house,” he said.
He said ACCI would equally use the expo to boost local production of building materials to deliver affordable housing at lower costs.
He said the chamber would introduce training of artisans in the informal sector in ACCI Business Entrepreneurship Skills and Technology Centre with a view to preparing them for lucrative employment.
“The expo will feature business networking with both local and foreign chamber members participants to boost businesses and investment.
ACCI Director-General, Mrs Tonia Shoyele, also said that the real estate sector had been moribund with a lot of housing deficit which needed intervention.
Shoyele urged the government to look into the sector and tackle the lingering problems.
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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