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Colombian navy awaits approval for purchase of new C-Star anti-ship missiles
The Colombian National Navy (ARC) is awaiting government approval to procure a fresh batch of the Korean Lig Nex-1 SSM-E-700K Hae Sung (C-Star) anti-ship missiles. This request by the ARC stems from a need to replenish at least four units used during live-fire tests and exercises from 2018 to the present year. Notably, the ARC […]
ECOWAS said to be leaning against military intervention in Niger
The likelihood of ECOWAS, with Nigeria at the forefront, pursuing military action against Niger seems minimal. In anticipation of the upcoming ECOWAS summit, insiders from the Nigerian government indicate that the West African coalition won’t support military action in Niger following the recent coup there. A key driver behind this sentiment is Nigeria’s influential entities’ […]
Bolivia Central Bank Boosts Reserves with Gold
Two months following President Luis Arce’s new law, Bolivia’s Central Bank bought 205 kg of gold to boost its declining foreign reserves. The bank says the new buys are nearly 30% of gold acquired in 12 years. The law paves the way for more gold purchases. This will help increase Net International Reserves (NIR). Bolivia’s […]