Public Management

Côte d'Ivoire leads Francophone Africa in military spending in 2020 (ranking)

Côte d'Ivoire leads Francophone Africa in military spending in 2020 (ranking)
Friday, 30 April 2021 12:32

Last year, military expenditures grew by 5.1% in Africa amid a decline in revenues due to the Covid-19 pandemic. In the Francophone part of the continent, Côte d'Ivoire comes first in military spending with more than $607 million invested.

The Stockholm International Peace and Research Institute (SIPRI) published last April 26 its report on military spending worldwide for 2020. Figures include spending on arms purchases, military pensions, and also spending on paramilitary forces.

While North Africa remains the continent’s region that spends the most for military purposes, the sub-Saharan part is led by South Africa and Nigeria. In Francophone Africa, Côte d'Ivoire ranks first (12th on the continent level) with $607 million, higher than the amount invested in 2019. The situation has its roots in the upsurge of security tensions following the terrorist attacks on the country.

In that part of the continent, the country of Houphouët-Boigny is followed by Mali (13th in Africa), Senegal (16th in Africa), Cameroon (17th in Africa), and Burkina Faso (18th in Africa). This top 5, dominated by West African countries, echoes the urgent needs of Sahel countries’ armies, which have been struggling for years to fight terrorist groups such as Boko Haram and Al-Qaeda.

SIPRI indicates that military expenditures worldwide increased in 2020. A region-based comparison shows that Africa is one of the world’s regions where these expenditures have increased the most, despite the economic recession in 2020. Military spending on the continent has risen to 5.1%, well above the global average (2.6%).

On the other hand, a comparison by country reveals several disparities. For example, although Algeria ranks first in Africa, the country invested less in 2020 than in 2019 ($9.7 billion in 2020 and $10 billion in 2019). Morocco, however, increased its military spending from $3.7 billion in 2019 to $4.5 billion in 2020.

SIPRI’s data is based solely on open sources and may sometimes underestimate the reality, as governments sometimes tend not to disclose all their military spending. For example, figures for countries such as Egypt, Angola, Ethiopia, and e-Swatini are based on uncertain data. In addition, data for Libya, Eritrea, and South Sudan are not available.

Moutiou Adjibi Nourou  

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Orange Mali secures €80M loan to expand 4G and fiber networks Project to improve internet for 300,000 users, focus on rural...
Benin seeks $176.7M via two new bonds on WAEMU market Bonds offer 6% and 6.15% yields, maturing in 2032 and 2035 Return follows $1B...
CAR Treasury returns to market, seeks up to $88.4M via new bond lines Three- to five-year bonds to fund $12.8B national development...
Côte d'Ivoire keeps BB/B rating, but Senegal debt exposure flagged Ivorian banks now key conduit for risky Senegalese bond financing S&P...
Most Read
01

DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...

DRC in Talks with Alibaba, Isoftstone to Develop a Chinese-Style E-Commerce Model
02

The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...

Nigeria Launches National Payment Stack, Targets Faster Digital Transactions
03

DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...

DRC, Eyeing AI for Farms and Mines, Seeks to Launch Academy with China’s Huawei
04

Germany to provide €49 million ($56.7 million) to support ECOWAS projects. Funds target peac...

ECOWAS secures $56.7mln German support for security and governance
05

Madagascar is going through one of the most turbulent periods in its recent political history. After...

Good Governance Can Save Madagascar, Says Former Ambassador Jaona Ravaloson
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.