Paramount Eyes New Production Facilities Around Africa

South African defense firm Paramount Group says it expects to sign agreements with four African nations this year to set up defense equipment production facilities, reports Reuters. 

The deals are likely to involve the company acting as a majority shareholder in a joint venture with the government, Paramount founder and chief Ivor Ichikowitz said on Sunday. 

By implementing long-term capacity building programs, Paramount would help build defense industries in those countries, he...