RASCOM Ag. Director-General welcomes 2023 Africa Space Industry Annual Report

The Acting Director-General of the Regional Africa Satellite Communication Organization (RASCOM), Timothy Adi Ashong, has expressed his appreciation for the recently released 2023 edition of the Africa Space Industry Annual Report, describing it as very insightful.

The report, published by Space in Africa, predicts that the African space and satellite economy will reach a value of USD 22.6 billion by 2026.

In a comment on Techreview Africa’s official LinkedIn page, Ashong stressed the importance of collaboration among African space and satellite industry players, adding that there is much to be accomplished in the African Satcom market.

The report, which was released in the third quarter of this year, highlights the significant progress made by African countries in the space industry, including impressive growth in Africa’s space economy in 2022.

The report’s projection of the African space economy surpassing the USD 20 billion mark by 2026 serves as an inspiring call to action for collaboration that will pave the way for sustainable growth and technological innovation, transforming lives and economies across the continent.

With initiatives like the African Union’s African Space Policy and Strategy gaining traction, a collaborative framework for knowledge sharing, resource pooling, and capacity building is being established, fostering an environment conducive to sustainable growth.

While the projection itself is inspiring, it’s important to remember that realizing this potential requires concerted efforts. The challenges are multifaceted, ranging from regulatory frameworks and spectrum allocation to technology transfer and skills development. It is through collaborative endeavors that these hurdles can be addressed effectively, ensuring that the projected growth becomes a reality that transforms lives and economies.

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