Military expenditures on the continent have surged, with North Africa outpacing Sub-Saharan Africa, driven by the ongoing arms race between Algeria and Morocco.
Stockholm International Peace Research Institute (SIPRI) issued a report on April 22 revealing that the cumulative military spending by African countries reached $51.6 billion in 2023, up 22% from 2022.
Titled "Trends in World Military Expenditure 2023," the report highlights that North African countries spent $28.5 billion on their militaries in the past year, a 38% surge compared to the previous year.
Algeria and Morocco accounted for 82% of the total military spending in the sub-region in 2023. The regional tensions stemming from the Western Sahara conflict, pitting Morocco against the Polisario Front independence movement backed by Algeria since 1975, have fueled a new arms race between these Maghreb nations.
In 2023, Algeria's military spending dropped by 7.6% to $18.3 billion, while Morocco saw a 2.5% decrease to $5.2 billion. Meanwhile, military expenditures in Sub-Saharan Africa rose by 8.9% in 2023, reaching $23.1 billion, driven by significant increases in Nigeria, the DRC, and South Sudan.
The report also notes that global military spending hit a record $2.443 trillion last year, a 6.8% increase from 2022. The largest year-over-year surge since 2009 was observed globally, with Europe, Asia, Oceania, and the Middle East experiencing substantial spikes amid heightened geopolitical tensions.
The United States, China, Russia, India, and Saudi Arabia were the top five spenders in the past year, collectively representing 60% of the world's military expenditures.
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
Powered exclusively by Rolls-Royce Trent 7000, delivering 14 % lower fuel burn per seat and f...
Nigeria’s NIP ranks among the world’s largest real-time payment platforms, underscoring its centra...
After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...
BW Energy confirms light oil and condensate discovery at Namibia’s Kudu gas field Kharas-1 results boost basin understanding; FID now targeted...
Benin approves upgrades for 15.6 km Godomey-Akassato road and 5.3 km service lanes Route faces heavy congestion, connects Cotonou to fast-growing...
SCCT completes $500M expansion at Egypt’s East Port Said terminal Adds 2.2M TEUs capacity, boosting total to 7M with new cranes and yard...
Morocco receives first 6,457 steel rails for Kenitra-Marrakech high-speed rail Project aims to cut major city travel times; launched April 2025 Rail...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...