Eos Capital, the managers of the Namibia Infrastructure Development and Investment Fund (NIDIF), has been given permission to start the Namibia Space Port project.

Q-KON Namibia will lead this project, which will be a significant step forward for the country in the field of satellite communications.

According to Namibia's minister of information and communications technology, Emma Theofelus: “The Namibia Space Port represents a monumental stride towards harnessing the vast potential of space technology for the growth of Namibia and Africa’s communication capabilities.”

The Minister went on to say how vital this initiative was for Namibia's National Space Science and Technology Policy, which was introduced in June 2021.

"This initiative demonstrates Namibia's commitment to space exploration, innovation, and sustainable development. The Namibia Space Port, with its strategic focus on collaboration, capacity building, and technological advancement, will elevate our country's standing in the African space arena," she stated.

Reiterating the significance of this investment, Frederico Van Wyk, chief investment officer of Eos Capital, stated that the Namibia Space Port project's approval demonstrates their commitment to advancing digital inclusion and connectivity to all corners of the country, fostering economic growth and innovation in Namibia.

This investment is part of NIDIF's overall ICT sector strategy in Namibia.

"This landmark initiative aligns with Eos Capital's mission to facilitate strategic investments that propel Namibia into the future and earn positive returns to investors," he stated.

Q-KON Namibia, a CRAN-licensed satellite service provider, is poised to become a major player in the rapidly expanding Low Earth Orbit (LEO) business as the Namibia Space Port develops.

The LEO sector is currently working on 36 projects, with a total of 63,418 satellites planned for launch.

Dr Dawie de Wet, Group CEO of Q-KON, commented: "We are honoured to lead this transformative initiative that will not only enhance Namibia's technological prowess but will also contribute to the growth of the LEO industry in Sub-Saharan Africa."