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Zimbabwe to Attract Over $200 Million for New Communication Satellite: Finance Minister

Zimbabwe to Attract Over $200 Million for New Communication Satellite: Finance Minister

Sputnik Africa

Zimbabwe to Attract Over $200 Million for New Communication Satellite: Finance Minister Zimbabwe is courting investors to advance its space program, with a new... 12.03.2026, Sputnik Africa

2026-03-12T15:38+0100

2026-03-12T15:38+0100

2026-03-12T15:44+0100

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Zimbabwe to Attract Over $200 Million for New Communication Satellite: Finance Minister Zimbabwe is courting investors to advance its space program, with a new satellite set to bolster digital infrastructure and support growth in business and knowledge process outsourcing, Finance Minister Mthuli Ncube said at a business forum.“It is about the digital economy after all, and we are trying to raise over $200 million to support the launch of the telecom satellite, which will then improve our connectivity and strengthen our ICT infrastructure," local media quoted Ncube as saying. If realized, the launch would mark Zimbabwe's third satellite in orbit, following ZimSat-1b (deployed in 2022) and ZIMSAT-2 (deployed in 2024).AI-generated imageSubscribe to @sputnik_africa Sputnik Africa | X

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