Business
CFA National To Regulate Co-operative Societies
The President/Chairman, Board of Directors, National Co-operative Financing Agency of Nigeria Limited (CFA National), Mr Adebola Orolugbagba, has said that the agency would now regulate the operations of co-operative organisations in Nigeria.
Orolugbagba said this became possible as a result of the change from National Association of Co-operative Credit Unions of Nigeria Limited (NACCUN) to CFA National recently.
The chairman said that with the transformation, the association was poised to be to all financial co-operatives in Nigeria what the Central Bank of Nigeria (CBN) is to commercial and microfinance banks.
He noted that the decision to adopt a name change was taken on October 31st at a special general meeting of the association in South Africa during the 14th Saving and Credit Co-operative Association (SACCA) annual congress organised by African Confederation of Co-operative Saving and Credit Associations (ACCOSCA).
According to him, Nigeria has secured the right to host the 15th SACCA Congress in Abuja in October 2014.
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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