Building the Rwandan space economy
Over the last few years African nations have increased their budgets for the space industry and while the space economy in Africa amounts to only $19 billion today, it is poised to take a bigger chunk of the global space economy in the coming years, something Rwanda is eyeing keenly as it develops its space ecosystem. Joseph Abakunda, Chief Strategy Officer, Rwanda Space Agency joins CNBC Africa for this discussion.
Fri, 22 Sep 2023 10:35:35 GMT
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AI Generated Summary
- Rwanda's focus on downstream applications and partnerships to enhance the space economy
- Policy implications of geospatial data for decision-making and resource management
- Strategies for fostering private sector engagement and international collaborations in the space industry
The African continent has been steadily increasing its investments in the space industry in recent years, with the space economy in Africa currently amounting to only $19 billion out of the global total of $469 billion. Rwanda is positioning itself to play a significant role in the development of the space ecosystem in Africa. In a recent interview with Joseph Abakunda, Chief Strategy Officer at Rwanda Space Agency, key insights were shared on the country's approach to building a thriving space economy. Abakunda highlighted the potential for Africa to increase its share of the global space economy by focusing on downstream applications, partnerships, policy implications, and private sector engagement. The interview delved into Rwanda's strategies for developing a sustainable space ecosystem and the country's participation in international initiatives such as the Artemis Accords. As Rwanda advances its space ambitions, collaborations with various stakeholders from around the world are shaping the future of the African space industry. With a strong emphasis on leveraging data and innovation, Rwanda's journey towards building a robust space economy holds promise for the continent's technological advancement and economic growth.
