Business
Ebola: Guinea, S’Leone, Liberia Get $130m IMF Fund
The Executive Board of the International Monetary Fund (IMF) has announced the approval of $130 million immediate assistance to fight Ebola virus in Guinea, Liberia and Sierra Leone.
A statement issued by the board and obtained by The Tide source said the approval was made on Friday after an emergency financial support meeting on Guinea, Liberia and Sierra Leone.
The statement said the fund, which would be immediately disbursed to the three countries, was in addition to other assistance already granted under existing programmes.
“The board agreed that Guinea will get $41 million; Liberia, $49 million, while Sierra Leone will get $40 million,’’ the statement added.
It added that the fund would help cover the immediate share of the balance of payments and fiscal needs currently estimated at about $100 million for each country.
“The Ebola outbreak in Guinea, Liberia and Sierra Leone has already claimed several lives. It is a crisis that will also have some economic consequences.
“The Governments of Guinea, Liberia and Sierra Leone requested IMF’s support to enhance their efforts towards tackling the unprecedented epidemic outbreak,’’ it said.
The statement noted IMF’s concern to ensure that the outbreak was quickly brought under control.
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.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
News5 days ago
UNGA 2025: FG Targets Empowerment Of 10 Million Women
-
Sports5 days ago
Man Utd Beat Chelsea To Ease Pressure
-
Maritime5 days ago
NCAA Warns Qatar Airways Over Passenger Maltreatment, Rules Violation ……Threatens Heavy Sanctions
-
Sports5 days ago
Lagos Enforce discipline Into Senior Athletes Team
-
Business5 days ago
“TETFund Approves N2.5b Intervention For Daura Varsity
-
News5 days ago
Rotary Club Earmarks N11.6m for 2025 Service Year
-
Business5 days ago
Kenyan Runners Dominate Berlin Marathons
-
Maritime5 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround