Oil Slump Doesn’t Derail Angola’s Ambitious Military Spending

In late March, Jane’s reported that Angola would soon receive the first batch of Russian-made Sukhoi Su-30 fighter jets as part of an ongoing military modernization program that kicked off four years ago. The modernization program aims to boost the number of troops in service and renew Angola’s military hardware in order to improve the operational capabilities of its armed forces. But when it was launched, resource-rich Angola was awash in oil revenue. The drop in global oil prices since last summer raises questions about the sustainability of Angola’s military modernization, as a growing economic crisis has already forced the […]