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Africa Boosts Space Budgets to Secure Role in Global Space Race

[RFI] African states invest around $500 million in space programmes annually, a figure expected to reach around $40 billion by 2030. With a number of initiatives already in place, the continent is seeking a seat at the table when it comes t

Afroconomy Intelligence
1 min readAI Summary

African governments are directing roughly $500 million annually into space programmes, with projected spending reaching $40 billion by 2030, signalling a push to build domestic technological capacity and reduce reliance on foreign satellite data and services. The scale of projected investment suggests African states are positioning space infrastructure as both an industrial policy priority and a means of securing influence in international governance of orbital resources and technology access.

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