A study published in International Journal of Business and Management Future and titled “Africa’s Space Technology Investment and Socio-Economic Returns: The Case of Nigeria”, took a look at space technology investment in Africa and application of space technology in solving socio-economic problems in the continent with a special focus on Nigeria. The NigeriaSat-1 was the first Nigerian satellite and built by a United Kingdom-based satellite technology company, Surrey Space Technology Limited (SSTL limited) under the Nigerian government sponsorship for $30 million. NigComSat-1, a Nigerian satellite ordered and built in China in 2004, was Nigeria’s second satellite and Africa’s first communication satellite. Egypt is home to the African Space Agency, established by the African Union in 2016, to help grow the continent’s nascent space industry. According to the Business and Market Analysis of the African Space Industry study by Space in Africa, over US$3 billion has been spent on space projects in Africa since 1998.

Source: The Guardian August 06, 2020 04:30 UTC