Projections that African defense spending will surpass US $20 billion over the next decade have sparked cut-throat competition between non-African companies looking to snap up supply, joint venture and technology transfer agreements with African firms. Meanwhile, other companies are giving themselves a more competitive edge by setting up shop in the continent.
According to defense market analysts, demand for military hardware in Africa is set to increase as governments gear up to fight terrorists and Islamic militants. Nations say they need better firepower, modernized forces, improved armed mobility and stronger force protection to fight militants that have become the scourge of nations throughout East, West and North Africa. […]