Subdued prices for oil and other key commodities in recent years has started to filter through to Africa’s military budgets. Defense spending fell to $37.9 billion in 2016 from $50.2 billion in 2014. This marks the second consecutive year of decline in spending, after 11 straight years of increases, a new report from the Stockholm International Peace Research Institute found.
Read more: The fall in commodity prices is curbing military expenditure across Africa — Quartz