Peter Pedroncelli

  • Rwanda’s Partnership With Microsoft Boosts Online Education Roll Out

    made in rwanda - Online education By Peter Pedroncelli, 7:22 am

    The Rwandan government’s partnership with Microsoft is benefiting efforts to roll out online education initiatives that are envisaged to become standard across the country in the next three years. The giant American multinational technology company is working with the Rwandan authorities in the pursuit of their short and long-term objectives to make Rwanda a digital learning pioneer on the African continent. By June this year, the Rwandan government is aiming to see around 50 percent of all subjects taught online.

  • 6 Women Tech Entrepreneurs Featuring At The World Economic Forum On Africa

    Six Women Tech Entrepreneurs Featuring At The World Economic Forum On Africa By Peter Pedroncelli, 3:49 am

    The annual World Economic Forum on Africa will see a selection of impressive women tech entrepreneurs taking center stage in Durban, South Africa, with the aim of showcasing the wealth of entrepreneurial talent available on the continent. The 2017 meeting runs from Wednesday, May 3 to Friday, May 5, and will be conducted with the wider theme of “Achieving inclusive growth through responsive and responsible leadership” in mind. Women continue to be an important driver of African economies, with one-third of all businesses across Africa owned by women.

  • Demand For U.S. Investment Visas From Rich South Africans Doubles

    Demand For U.S. Investment Visas From Rich South Africans Doubles By Peter Pedroncelli, 6:00 am

    The number of wealthy South Africans looking to attain U.S. investment visas more than doubled from 2014 to 2015, with many considering the benefits and advantages of having an exit plan during economic and politically unstable times. Recently released data revealed that South African demand for US EB-5 visas, which enable investors in American companies to obtain a green card, increased noticeably since 2014. A U.S. EB-5 visa can be attained by investing at least $1 million (or $500,000 for projects in a “targeted employment zone”) and creating more than 10 full-time jobs in the U.S. within two years.

  • 14 Things You Didn’t Know About The Nuba People

    Nuba people By Peter Pedroncelli, 1:49 pm AFKI Original

    For the Nuba, wealth is measured in cattle. The Nuba people of Sudan’s Southern Kordofan Province have been historically discriminated against by the Arabic regimes that have been in power. In 2011, war broke out between the Sudan government and rebels in the Nuba Mountains. Conflict continues to this day, with humanitarian aid blocked. Sudanese journalists are banned from reporting on the war, and face potential imprisonment if they dare to cover the ongoing conflict in the region. Here are 14 things you didn’t know about the Nuba people.

  • 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

    African economies 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

    Start a business 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.