Private Security has flourished in Africa due to complex infrastructure ventures and the presence of natural resources. The private military and security sector has been growing alongside demand in Africa due to the expansion of security dynamics in services offered.
The increasing allocation of government contracts to third-party, private firms in the military and security provision has not only generated an emerging market for defense products and services, but has also established some of the biggest transnational firms operating throughout various jurisdictions in a multiplicity of international contexts.
Erik Prince, founder of the security company Blackwater Worldwide, now formerly known as Academi and belonging to the Constellis Group is currently the Chairman of the Frontier Services Group Ltd, a company defined as a provider of integrated security, logistics and insurance services for clients operating in frontier markets. In recent years, Prince has participated in the creation of Reflex Responses, a private army founded in August 2010.
On the 12th October, Shock Monitor attended the 2017 Annual General Assembly for the International Code of Conduct Association (ICoCA) for Private Security Contractors in Geneva, Switzerland.
On the 16th and 17th of February, the International Catalan Institute for Peace (ICIP) and the Direcció General de Cooperació de la Generalitat de Catalunya organized the international seminar “Business and Human Rights: Comparing Experiences” which incorporated the participation of national and international organizations, political representatives, academia, private companies, trade unions and civil society organizations.
Taking into account the density and population of Asia, regions such as Latin America, are crucial and strategic allies for the supply of food, raw minerals and resources, especially oil. The Nicaraguan Canal project embodies the greater strategies employed by the Chinese government, utilizing cost-effective models in the developing Nicaraguan state and locational advantages due to its ability to accommodate large quantities of traded goods, especially between the Chinese and Brazilian markets. The importance in procuring these vital resources for sustained growth is contingent on the ability to effectively secure the private investments, which in the case of the Nicaraguan Canal, comes in the form of exported security services from the country’s rapidly emerging private military and security sector.