Saturday, January 18, 2014

In Peacetime - Prepare for War

It's projected that military spending among African nations will surpass $46 billion by 2018.

Nation-on-nation war among African countries has been on the decline, the report noted, and although conflicts between countries still flare up on occasion they rarely escalate to extreme levels. If the trend continues, decade-long sanctions and arms embargoes could be lifted and opportunities for global defense firms would expand, particularly in the area of internal security products and services, explained Forecast International said in a report titled The Military Market for Africa. "Key arms purchases will likely be state-of-the-art surveillance equipment such as unmanned aerial vehicles and electronics. African nations have already experienced firsthand how the lack of proper military surveillance equipment can handicap their militaries and security forces.

Forecast International said. "A number of Western nations are therefore eager to help equip African militaries, which remain open to practically all weapons suppliers."

"As optimism about the continent's prospects increases, global defense firms have started to eye the African market more closely," said the report's author, Nicole Auger. "It has ignited an intense competition between non-African defense companies while opening up an array of possible joint ventures and technology transfer agreements with African defense firms."

From here

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