News Snapshot:
Angolan defense budget increase set to benefit Russian and Chinese firms, says Posted in Aerospace, Defense & Security Angola’s defense and security expenditure is expected to be valued at $8.5bn cumulatively over the 2022 to 2026 period Between 2022 and 2026, GlobalData projects Angola’s defense and security expenditure will grow at a compound annual growth rate (CAGR) of 3.2% from $0.9bn in 2021 to $1.9bn by 2026 Between 2015 and 2019, Russia was Angola’s primary arms partner, representing 68.3% of imports – according to GlobalData’s “ Angola Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026 ” report. Yet,...
