Overview of Revenue and Market Segments In The African NewSpace Industry

94% of NewSpace Companies In Africa Are Generating Revenue

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About 94 per cent of NewSpace companies in Africa are generating revenue according to the recently-released NewSpace Africa Industry Report which studied 34 “African-grown” commercial space ventures. The study, based on survey data provided by 64.7 per cent of the companies and desktop research of publicly available information, reveals that while a significant number of…

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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.