By Our Reporter
Ankara, Turkey
Prince Invest Group, a leading supplier of light and heavy weaponry, alongside cutting-edge defense systems, to several African nations has turned down Rwandan offer for an arms deal contract.
This was confirmed on Tuesday, 4th March, 2025 by Ambassador Danny El-Ashkar, Economic Commissioner at the European Parliamentary Union and Chairman of Prince Invest Group at Ankara, Turkey.
Reaffirming his commitment to regional stability, El-Ashkar once again declined a formal request from the Rwandan government to engage in arms negotiations—marking the third such rejection in six months. This stance highlights Prince Invest’s neutral approach and dedication to Africa’s broader security landscape.
In the past six months alone, he has secured over $5 billion in military contracts, now progressing through the implementation stage.
These deals encompass the supply of light and heavy weaponry, alongside cutting-edge defense systems, to several African nations. By leveraging his exclusive partnerships, El-Ashkar has solidified his role as a key distributor and manufacturer of military equipment from top global defense companies.
As these agreements take effect, Prince Invest is rising as a dominant force in Africa’s defense market, reshaping the region’s arms trade and challenging the traditional industry leaders.
With these latest contracts in motion, Ambassador El-Ashkar further cements his status as a leading figure in the continent’s defense industry, outpacing major international defense firms and long-established state suppliers.
