The National Space Research and Development Agency (NASRDA) has called on the African Export – Import Bank(Afreximbank) to foster development, finance projects,  regional cooperation and promote public-private partnerships in the critical sector of space science and technology in Africa.

The Director Media and Corporate Communications,  Dr Felix Ale made this call at the 32nd Annual conference of the Afreximbank media briefing in Abuja, stating that space technology provides a unique opportunity and platform for the proper utilisation of abundant resources in Africa.

“The use of space for socio-economic development presents many opportunities that cannot be ignored and Africa has to respond to both challenges and opportunities. Afreximbank’s primary role as a financial institution positions it uniquely to provide the necessary funding for space-related initiatives which can transform Africa.

“Through coordinating efforts across borders, the bank can help establish shared goals related to space exploration and satellite deployment to strengthen diplomatic ties as well as enhancing Africa’s stand in the global arena of space science and technology”.

He added that the bank can foster public – private partnerships by connecting space agencies with private sector innovators, and facilitate dialogue among stakeholders in the space sector to identify opportunities for joint ventures.

He applauded the President of Afreximbank, Professor Benedict Oramah on his outstanding achievements since assumption of office, while also appealing to Afreximbank to help the African continent exploit its space resources with the overarching objective of contributing to its socio-economic development.