By the end of 2019, total investment in the drone industry was a record-high of $1.2 billion, a Year-Over-Year growth of 67% – this is according to the data acquired by Finbold.com. The report indicates that venture capital funding stood at $930 million at the end of last year. VC funding accounts for 68.87% of all drone industry investment The data shows how between 2008 and 2019 funding in the sector stood at $4.43 billion while venture capitalists pumped in a total of $3.46 billion by last year. In general, drone investment through VC represented 68.87% of all funding. There was a significant spike in the investment between 2012 ($42 million) and 2013 ($121 million) with a growth of about 188.1%. Venture Capital funding joined the drone sector by only $2 million in 2010, a figure t...
Chief of Air Staff (CAS), Air Marshal Sadique Abubakar, has assured Katsina State residents that the Nigeria Air force ‘Operation Harbin Daji’ against bandits, kidnappers, cattle rustlers and armed robbers would be different. Abubakar stated this on Saturday when the Nigerian Air Force Plane Boeing NAF 917 brought 60 airmen and officers to partake in the “Operation Harbin Daji” to wipe out bandits in the state. Represented by the Air Officer Commanding Special Operations, Bauchi Command, Air Vice Marshal (AVM) Charles Ohwo, the airforce boss said that it was no longer news about the incessant killing of innocent people in Batsari and Jibiya Local Government Areas of the state. According to him, their mission is to save the people of the area through the operation, code-named “Operations Ha...