Peter Pedroncelli

  • Trump’s Foreign Aid Cuts An Opportunity For Liberia To Prove Their Capacity

    foreign aid By Peter Pedroncelli, 7:36 am

    President Donald Trump’s proposed plan to cut foreign aid funding to African countries by 28 percent provides an opportunity for nations such as Liberia to stand on their own and take responsibility for the well-being and future of their people. In March the American president unveiled a plan to cut funding for the State Department and USAID. The budget proposal will see a massive cut in funding to African beneficiaries, with West African nations such as Liberia set to lose out on a significant amount of aid from the U.S.

  • South Africa’s Central Bank Governor Believes The Country Can Bounce Back From Junk Status

    Junk Status - Lesetja Kganyago, South Africa's reserve bank governor. Photo: Fin24 By Peter Pedroncelli, 9:29 am

    South African Reserve Bank governor Lesetja Kganyago believes that the country is still capable of thriving despite being downgraded to junk status by two credit ratings agencies in the past few weeks. President Jacob Zuma upset markets and triggered downgrades from both S&P Global Ratings and Fitch Ratings to BB+ after his surprise cabinet reshuffle at the end of March, which included the removal of respected finance minister, Pravin Gordhan.

  • DR Congo To Increase Copper Production By Importing Power From South Africa

    Importing power from South Africa will boost DR Congo's copper production. By Peter Pedroncelli, 5:29 am

    The Democratic Republic of Congo hopes to import 200 megawatts of power from South Africa, which would enable Africa’s largest copper-producing nation to boost copper production in 2017 by as much as 20 percent. South African state-owned utility Eskom has made 1000 megawatts available for export over the next decade. Trust issues between mining companies and the Congolese state-owned power company threaten to derail the deal. Previous promises to deliver energy supply have failed.

  • 12 Things You Didn’t Know About The World’s Largest Concentrated Solar Power Plant In Morocco

    concentrated solar power plant By Peter Pedroncelli, 4:27 am AFKI Original

    Morocco will be home to the world’s largest concentrated solar power plant when it is fully built in 2018, producing enough energy to power over a million homes in the country once it is completed. The Noor Complex will lower carbon emissions by an astonishing 760,000 tons per year when it is fully operational. The first of four phases was completed in February 2016, with the Noor 2 CSP and Noor 3 CSP still under development – it is around 75 percent built at this stage. The fourth phase of the project was launched by Morocco’s King Mohammed VI this month.

  • Germany Leads G20 Plan To Boost Private Investment In Africa

    The proposed plan will attract private investment to Africa. By Peter Pedroncelli, 9:33 am

    In the interests of reducing inequality and poverty within the African continent in the long-term, and avoiding the growth of populism across Africa, the G20 countries, headed by Germany, are pushing for a plan that will increase private investment and infrastructure development in Africa. Speaking at a forum on global infrastructure at the Inter-American Development Bank in Washington, German finance minister Wolfgang Schaeuble set forth a proposed scheme that will see various G20 member countries and international lenders partner with African countries in order to attract global investors.

  • World Bank Boosts African Startups With Business Acceleration Initiative

    World Bank Giving African Startups A Boost With Business Acceleration Initiative By Peter Pedroncelli, 5:36 am

    The World Bank Group has committed to supporting the growth of Africa’s digital economy with the launch of XL Africa, a business acceleration initiative that will provide a raft of benefits for the 20 most promising startups in sub-Saharan Africa over the next five months. African digital entrepreneurs will have an opportunity to be mentored by various global specialists, increase their visibility on the continent and receive access to corporate partners and investors.

  • Sadio Mane Named In PFA Premier League Team Of The Year

    Sadio Mane Named In PFA Premier League Team Of The Year By Peter Pedroncelli, 7:53 am AFKI Original

    Senegalese winger Sadio Mane has been in stunning form for Liverpool this season, earning him a coveted place in the PFA Premier League Team of the Year. The Professional Footballers’ Association announced their best 11 of the season thus far on Thursday, and of the 11 players selected by position, Mane was placed within his favoured right wing role. After missing out on the PFA Player of the Year shortlist last week, the Teranga Lions star will be pleased to have made it into the team of the year.

  • Nigeria Coach Gernot Rohr Says Door Is Open For Vincent Enyeama To Return

    Vincent Enyeama - French Ligue 1 By Peter Pedroncelli, 4:46 am

    Nigeria national team coach Gernot Rohr has publicly stated that a return to the Super Eagles is a possibility for internationally retired goalkeeper and former captain, Vincent Enyeama. The German coach opened the door to his return, making it clear that he is welcome to reignite his national team career if he is willing to work hard and be humble. The Nigerian shot-stopper decided to retire from the Super Eagles in October 2015 following the revelation that then coach Sunday Oliseh had chosen for Ahmed Musa to captain the side, rather than the veteran keeper.

  • 12 Sub-Saharan African Countries With The Best Access To Electricity

    importing power from South Africa By Peter Pedroncelli, 3:25 am AFKI Original

    Many of us take access to electricity for granted, but only two out of every five people in Africa have decent access to energy to power lights and other electrical appliances throughout the day. Around 625 million people in Sub-Saharan Africa have no access to electricity, according to the International Energy Agency. We take a look at 12 Sub-Saharan African countries with the best access to electricity.

  • Wayde Van Niekerk Given World Championship Double Opportunity

    World Championship Double - Wayde van Niekerk - Rio 2016 Olympic Games By Peter Pedroncelli, 2:20 am

    Wayde van Niekerk will have an opportunity to attempt a rare World Championship double, after the International Association of Athletics Federations (IAAF) cleared the way for him to run the 200m and 400m events at the IAAF World Championships, to be held in London between 4-13 August 2017. The development follows a special request made by Athletics South Africa (ASA), after Van Niekerk showed interest in attempting the rare double.