CAIRO, Jan 8 (MENA) - The Egyptian Space Agency (EgSA) is getting ready for hosting "NewSpace Africa Conference 2025", due to be held in Cairo on April 21-24 to empower the economy of the African continent via space innovation.

The conference is an international platform that gathers a galaxy of the leaders of space industry and the commercial companies working in this sector in addition to investors, according to an EgSA statement on Wednesday.

Egypt's hosting of the event is a clear evidence of its pioneering role in supporting regional and international efforts to develop the space economy, the statement said.

NewSpace Africa Conference is a high-level gathering of industry leaders, commercial space companies, investors, and other key stakeholders in the African space and satellite industry. Globally, a new era is emerging, characterized by private sector-led efforts towards the commercialization of space which is opening the global space industry to investments, disrupting new markets and democratizing space technologies beyond the legacy spacefaring geopolitical regions to include opportunities in emerging markets.

With more African countries participating in space, investing in space enterprises and giving rise to the continual growth of various industry segments, the African space industry is currently valued at USD 19.49 billion in 2021 and is projected to grow by 16.16% to USD 22.64 billion by 2026. In addition, Africa is home to over 270 NewSpace companies which continue to develop space technologies and offer space-enabled services to address market demands in various sectors, including telecommunications, defence, security, maritime, aviation, mining, agriculture, environment, development, education, and health. The measurable impact of these industry developments points to the continent’s potential for more remarkable exploits and opportunities in the space business and an overall increase in the quality of national economies, innovations, industries and sustainability on the continent.

The 4-day conference will feature selected keynotes, interactive sessions, panel discussions, business pitches, B2B matchmaking, B2C matchmaking and unique networking opportunities. (MENA)

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