Business
LASG Partners BOI On SMEs Funding
The Lagos State Government said it had concluded arrangements with the Bank of Industry (BOI) to provide funds to develop small and medium-scale enterprises.
The Commissioner for Commerce and Industry, Mrs Olusola Oworu, disclosed this at a meeting with the management of the bank in Lagos.
She said that the funding became necessary to address one of the major factors militating against the growth of small and medium enterprises in the state.
The commissioner said that the state government was keen on the development of these enterprises.
Oworu said that the state government would try to solve the problems of funding and infrastructure in the various SMEs zones and industrial estates in the state.
She appealed to Mrs Evelyn Oputu, the bank’s Managing Director, to shift focus from the provision of plant and equipment to infrastructure development.
The commissioner said that the state government’s partnership with the bank would boost SMEs and create favourable business environment.
Oputu commended the state government’s foresight in promoting the SMEs, assuring the commissioner that the bank would support the state government in empowering women and infrastructure development.
“The bank is ready to work with the state government to identify and solve most of the challenges militating against the growth of SMEs in the state,” Oputu said.
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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