Business
FG, Chinese Partners Sign $2bn Investment Deals On Science, Infrastructural Development
The Federal Government has signed $2 billion business deals with Chinese partners to boost science, engineering and infrastructural development on the sidelines of the ongoing 3rd Belt and Road Initiative Forum in Beijing.
the Executive Vice Chairman and Chief Executive Officer of the National Agency for Science and Engineering Infrastructure, Khalil Halilu, disclosed this last Thursday in a statement by Segun Ayeoyenikan, the agency’s Director of Information.
Halilu, who is part of Nigeria’s delegation to the forum led by the Vice President, Kasim Shettima, explained that the business deals significantly impact the nation’s development.
He said, “This is a very important day for us at the National Agency for Science and Engineering Infrastructure, because it is a day to show the results of some of the work that we have been doing in the last six weeks since I assumed the leadership of NASENI.
“Collectively, these three MOUs will, upon implementation, deliver Two Billion USD worth of new investments in Nigeria that will translate into jobs, skills development and technology transfer, potential exports and foreign exchange earnings, and a boost to local economies.
“The three Chinese companies that signed MOUs to partner with NASENI and invest in Nigeria are:
“Shanghai Launch Automotive Technical Co Ltd – an MOU to establish a new energy automobile facility for the production of new energy electric vehicles;
“China Great Wall Industry Corporation- an MOU for the turnkey delivery of Unmanned Aerial Vehicles (UAV) assembly line projects;
“Newway Power Technology Company Ltd – an MOU for transferring technology on lithium batteries, electric vehicles and allied technologies”.
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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