Sunday, June 20, 2010

Gun Trade

Arms spending in Africa is rising once again. Billions of dollars are being poured into armoured vehicles and logistics.Since the end of the Cold War, global military spending has fallen by 35%. But the Stockholm Peace Research Institute estimates that in sub-Saharan Africa it has risen by almost a third over the same period. In Uganda alone, spending on military hardware almost doubled in a single year (1997-98), according to the International Institute for Strategic Studies.

Paramount Group, a South African-based firm and the largest privately owned defence contractor on the continent sales have been rising by a quarter year-on-year since 2005.

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