The foundry fellowship is a programme that supports “accomplished entrepreneurs” who are working to bring about systemic change and economic growth in Africa.
In an official announcement via Facebook, the centre said it has selected Peters and eleven other fellows from Africa to participate in this year’s programme.
The foundry fellows are said to be taught how to “improve their communities in various sectors”.
“We will highlight each foundry fellow over the next week as they get ready to begin an incredible year of networking, innovation, and building community here at Legatum!” it said.
Bolanle Austen-Peters, on her part, also took to her Instagram page to break the news.
She expressed her excitement about the program, adding that the recognition inspires her to go the extra mile.
“I’m honoured to be selected as a fellow of the Legatum Centre for Development & Entrepreneurship at MIT,” she wrote.
“The recognition comes through over 20 years of creating pathways to global prosperity through innovation and entrepreneurship.
“It demonstrates that you should just keep at what you do without allowing distractions. It affirms that in spite of all, hardworking and diligence are recompensed. It encourages one to want to do more.”
Peters is the founder of Terra Culture, a cultural center.
Terra Kulture, in its 18 years of existence, has organised over 300 art exhibitions, 140 plays, and book readings.
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