Business
Bayelsa Stems Obstacles To Investment
The Bayelsa State Invest
ment Promotion Agency (BIPA) says it has reduced bottlenecks of potential investors by establishing a one-stop-shop for businessmen to tap into the abundant natural resources in the state.
The Director-General BIPA, Ms Freda Murray-Bruce, told newsmen yesterday in Yenagoa that the one-stop shop had commenced operations.
Murray–Bruce said that the agency had become a dependable port of call for local and foreign investors seeking to harness available natural resources in various sectors.
According to her, the sectors are agriculture, aquaculture, tourism, housing, education and aviation.
Others are health, information and communications technology and manufacturing, among others.
The BIPA DG said that one stop shop had simplified, shorten procedures and guidelines for issuance of business approvals, permits and authorisations.
She said that the BIPA had adopted an investment facilitation strategy where relevant government agencies were being brought to one location, coordinated and streamlined to facilitate business processes.
“The aim is to provide prompt, efficient and transparent services to investors thereby eliminating bureaucracy often experienced by investors in business procedures and processes.
“We are able to achieve this due to collaboration with other Federal Government investment agencies such Corporate Affair Commission (CAC), Nigeria Immigration Service and Nigeria Custom Service, among others.
“The collaboration has been successful with participating agencies maintaining existing mandates and responsibilities within the structure of the one-stop shop arrangement of BIPA,” Murray-Bruce said.
Murray-Bruce urged potential investors to exploit investment opportunities in the state, assuring them of conducive business environment and attractive returns on investment.
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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