South Africa's Paramount Groups in talks with Egypt's to expand domestic arms industry

South African defence company Paramount Group is in talks with the Egyptian government to boost the country’s defence manufacturing capabilities and arms exports to Africa, the National reports. The company wants to establish “a modernised defence industrial complex to produce advanced land, air and naval equipment,” says Chairman Ivor Ichikowitz. “Egypt has the potential to become one of our major export hubs to the rest of Africa,” he adds.