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Africa’s space economy grows, value hits US$19bn

Africa’s space economy grows, value hits US$19bn

SETH ONYANGO, BIRD STORY AGENCY SATELLITE communications continue to gain significance in Africa as countries explore opportunities to build resilience, improve security and promote the internet economy. Space in Africa's (SIA) industry annual report released on August 16, 2022, valued the continent's space economy at USD$19.49 billion. It shows African nations have shelled out US$534.9 million for the operation of their respective satellite programmes in 2022 alone, reflecting a 2.24 per cent jump from a revised US$523.2 million spent last year. Satellite programmes make up just one part of a wider space economy that includes a range of services including…
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