Analysis: Rwanda and OneWeb’s Bankruptcy Entanglement, a Partnership Gone Sour

Rwanda President, Paul Kagame (left) and OneWeb CEO, Greg Wyler

In March 2019, OneWeb, a global communications company declared that it had secured its largest fundraising round of $1.25 billion in new capital. Cumulatively, OneWeb raised $3.4 billion. The funding round made in March 2019 was led by SoftBank Group Corp., Grupo Salinas, Qualcomm Technologies Inc., and the Government of Rwanda. The plan back then…

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New Report: The African space economy is now worth USD 7 billion and is projected to grow at a 7.3% compound annual growth rate to exceed USD 10 billion by 2024. Read the executive summary of the African Space Industry Report - 2019 Edition to learn more about the industry. You can order the report online.