Business
Expert Harps On Proper Nurturing Of SMEs
An expert in the financial sector, Mr Kolfi Adomakor has said that Small Medium Enterprises (SMEs) need to be properly nurtured before being listed on the Nigerian Stock Exchange (NSE).
He said that there is need for more of the SMEs to be listed on the Nigerian Stock Exchange so as to enhance liquidity and depth in the market.
Ademakoh, the Director Project Finance of Afrexim Bank who disclosed this to airport correspondents in an interaction on Monday, noted that Exchanges must offer their expertise to SMEs in the area of advice and suggestions
He said that appropriate regulatory framework is needed from government and financial institution to support that segment of the market. According to him, if SMEs are structured in such a way that they will appear more attractive, with minimised risk profile, it will fast-track economic prosperity and ultimately generate more employment opportunities for the youths.
“SMEs should be ranked in order of performance to spur healthy competition among operators. Research and information is very crucial ingredients of the whole gambit of solutions to tackle SMEs constraints. “Exchange must engage consultants to gather information and continuously advise on a quarterly basis on what is happening in the SMEs space and in specific aspects of the business.
“For Afrexim Bank perspective, we, on a continuous basis, have solicited grants and also commissioned consultants to gather information and to continuously advise us through quarterly reports on what is happening in that space and in specific aspects of SMEs business”, he said.
By: Corlins Walter
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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