Why several foreign countries are exploring Africa for space business

Foreign countries exploring Africa for space business
A delegation from Lockheed Martin in a meeting with top officials of the Nigerian space sector

The African space industry since the past decade is witnessing relatively year-on-year progress in terms of budget, human capital and number of satellite launches. The continent is rapidly maturing into a sizeable space market. Just as the general investment landscape on the continent is gaining massive investment traction, the African space industry is not left…

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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.