The African space industry continues to gain traction, with more new space companies in the continent closing great deals, and supplying vital components and services to the international space market. However, little is known about the major business exits in the form of M&A or initial public offering witnessed in the industry. In the past…
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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.
Every week, we feature the story of NewSpace companies in Africa, promoting their work and giving insight on how they are contributing to building the commercial space ecosystem in Africa.
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Joseph Ibeh is a Mandela Washington Fellow and Senior Editor at Space in Africa. He writes about Africa’s NewSpace companies and emerging national space programs.