Over the past decade, Africa has risen to follow in the footsteps of fixed satellite companies in the West. Satellite markets in the continent have seen significant development. The African space economy is now worth $7 billion and will grow at a rate of 7.3% to reach $10 billion by 2024. Operators of satellites and undersea fiber cables are trying to outdo each other in linking the continent to internet and broadband networks. Currently, there are more than 15 network operators serving the continent. Most mobile operators rely on satellite technology to reach the rural population. Space technology is the bedrock of every other sector in Africa; be it transport, agriculture, security, disaster mitigation, name it. By use of space technology, these sectors can get access to crucial information on a timely basis, with which they can make important decisions. Countries which already have satellites include Rwanda, Nigeria, South Africa, Nigeria, Kenya, Morocco, Algeria, to mention a few. Read the full article at All Africa.
Dear D -
Have you considered investing in satellite technology? Space technology is the long sought solution that Africa needs to solve its connectivity issues, even in the rural areas, and grow its sectors. Satellite technology will boost telecommunications and allow countries which lack infrastructure to be connected. While some African countries have managed to secure satellite technology, there are those who may be left behind due to the investment costs involved in satellite technology. Africa lacks autonomy and needs investors like you to pour in money into this lucrative sector. Do you agree that space technology is the answer to Africa’s connectivity and information gap? Share.