Private Sector
South Korea's fourth Nuri rocket launch succeeds, main satellite contacts
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South Korea's homegrown Nuri rocket successfully launched from Naro Space Center early on November 27. Carrying 13 satellites, it reached the target altitude of 600 km and deployed them, with the main satellite CAS500-3 establishing communication with King Sejong Station in Antarctica. The mission marks a shift toward private sector-led space development.
The Compromiso Valle initiative, coordinated by ProPacífico, has mobilized more than $170 billion from the private sector since its creation in 2021, impacting over 80,000 people in Valle del Cauca.
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Addis Ababa Mayor Kantiba Adanech Abiebie stated that the private sector is working with high speed and growth by following the government's development strategy. She inaugurated the start of a public park plaza project by Midrock Investment Group on a social service site. The project spans 1.3 hectares.
Ethiopia's service sector has launched the country's first national business census. The initiative comes as the private sector expresses ongoing concerns.