Satellite & Space Missions

Biography

Biography: Joseph Olusola AKINYEDE

Abstract

African countries are in fact in a fortunate position more than ever before. After declining through the 1980s and 1990s, the continent is now among the world’s most rapidly growing economic regions. Key social and demographic changes creating new domestic engines of growth in Africa includes an expanding labour force, increasing urbanisation, and the rise of the middle-class African consumer. While Africa’s resource sectors have drawn the most new foreign capital, it has also flowed into the agriculture, tourism, textiles, construction, banking, and telecommunications, as well as a broad range of industries. Rapid developments in satellite technology and its gradual adoption by African governments has brought positive economic consequences increasing their competitiveness and enabling developing nations to avoid years of gradual, costly technology adoption similar to what has taken place in the developed world. As the African economy continues to rise, satellite technology development and applications will therefore continue to play an increasingly important role in the African economy especially in the infrastructure and agricultural sectors where expenditures are rising significantly faster than in the world as a whole. In this paper, we examine the opportunity for satellite market growth in infrastructure and agricultural sectors where expenditures are rising significantly to meet the massive demand.