Business
Commissioner Seeks Active Role For African Insurers
The Commissioner for Insurance Chief Executive Officer, National Insurance Commission (NAICOM), Mr Sunday Thomas, has urged African leaders to create an enabling environment for insurers to play more relevant roles in the continent’s free trade zone.
Thomas made the call during the investiture of the Managing Director, Nem Insurance Plc, Mr Tope Smart, as the 23rd President of the African Insurance Organisation (AIO) in Lagos, recently.
He said the signing of the Africa Continental Free Trade Agreement provided an avenue to foster unity and integration within the African continent.
According to him, the agreement provided an avenue for the achievement of a common market for goods and services, guaranteeing free movement of human resources, investment and technology.
“But let me charge the new leadership of the AIO to cap it by vigorously persuading the governments across the continent to play their roles in providing the necessary support, creating an enabling environment for insurance activities to flourish, continued lifting of border barriers, making movement of resources almost impossible, promote healthy competition among member states and promoting knowledge sharing across the continent, among other objectives that will make insurance business thrive within the African markets,” Thomas said.
Thomas charged the AIO president to work harder, saying the journey ahead of him may not be all smooth, especially due to the aftermath of the Covid-19 pandemic and the shape of the economies across Africa presently.
“There is a huge task ahead of you and your team, but working with you over the years gives me high confidence that you are equal to the task, and I can vouch for your hard work, resilience, foresight and determination.
“I am sure we are all going to be proud of your tenure in the AIO. We will give the organisation the necessary support it requires as we have always done and in return we expect that Nigeria as a member is going to reap all benefits of its membership in the organisation in line with the new strategic objectives of the AIO.
“The African insurance market was in dare need of serious collaboration and synergy now than in other times in the past, as they rightly agreed that they must look inward if truly they wanted to make an impact.
“Time has passed that we rely on foreign or international support from the West and other superpowers as the world at large is overwhelmed by so many issues,” he said.
Thomas also said that developing the insurance markets across Africa was no longer a choice but a necessity.
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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