Printer-friendly versionSend by emailPDF version

Defense spending in Africa has increased significantly over the last few years, largely because the continent's key oil producers have scored heavy economic gains as crude prices have risen, finds a new survey. The surge in oil revenue 'has provided an opportunity for African governments to support much-needed military acquisition and improvement programs, resulting in defense spending growth that has significantly outpaced that of non-petrostates,' the survey said, as reported by United Press International.