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Gold/Mining/Energy : Tenke Mining Corp (TNK) -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (279)	11/25/1998 8:21:00 AM
From: Greywolf	Read Replies (1) \| Respond to of 486

Uganda spends $35m on Russian arms AHMED MERERE, Dar-es-Salaam \| Wednesday 12.40pm UGANDA is in the process of transporting $25-million worth of new military hardware acquired from Russia from the Tanzanian capital Dar-es-Salaam to Ugandan capital Kampala. Peace analysts have said that the hardware, which includes at least 90 tanks of different sizes, aims at boosting Kampala government's military capacity in the Democratic Republic of Congo. Military sources put the value of the total consignment and shipping costs at over $35-million. Sources in Dar-es-Salaam revealed that the newly purchased tanks and other equipment arrived at Dar-es-Salaam port from Russia on November 20 this year aboard a Bulgarian ship, mv Lady Juliet. A recent report by the London-based International Institute of Strategic Studies, which includes an annual survey of arms spending and military capabilities in Africa, said: "The entire sub-Sahara African region spent $8,8-billion on defence in 1997, a slight rise over 1996 and a 3,3% proportion of regional gross domestic product." The direct costs of widespread conflicts added at least $800-million or around 10% to expenditure, the IISS report further said. The Zimbabwe Standard newspaper said this week that Zimbabwe " had acquired new military hardware worth billions of dollars to help beef up its presence in the DRC." The paper went on to say the arms which Zimbabwe bought include helicopters, gun-ships, fighter and spotter planes worth over $54-million. -- Daily Mail