Business
Nigeria, China Sign $3.3bn Deal On Industrial Park

Nigeria and China have signed a $3.3 billion agreement to develop a Brass Industrial Park and Methanol Complex.
It is a transformative project expected to significantly boost Nigeria’s industrial output and generate vital employment opportunities.
This follows a reaffirmation by both countries to commit to deepening economic ties and also enhancing bilateral cooperation at the first China-Nigeria Economic Cooperation and Trade Conference, which was held alongside the 2024 Forum on China-Africa Cooperation (FOCAC).
Accordiing to a statement, the event was chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who underscored the significance of South-South cooperation, highlighting its pivotal role in Nigeria’s sustainable development goals.
As Chairman of the event, he also guided discussions that focused on critical areas of collaboration between the two nations.
A major focus of the discussions, according to the statement was Infrastructure development, which is a cornerstone of the China-Nigeria partnership.
Both nations reiterated their commitment to joint infrastructure projects such as roads, bridges, and energy systems, aimed at accelerating industrialisation and driving long-term economic growth in Nigeria.
There was also discussion on financial and security cooperation, with both countries agreeing to enhance intelligence sharing to combat money laundering and financial crimes.
This marked a critical step toward ensuring a secure and transparent financial environment, laying the groundwork for continued economic collaboration.
Ebun also highlighted President Tinubu’s economic reforms, designed to steer the country toward a sustainable growth path.
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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