South African arms mogul Ivor Ichikowitz's Paramount teams with Baba Kalyani to launch Simha armored vehicle in France
Billionaires Africa | 26.06.2026 22:18
Ivor Ichikowitz is pushing his defense empire deeper into the global arena. Paramount Group, the company the South African entrepreneur founded and now Africa's largest private defense firm, has unveiled a new light armored vehicle alongside India's Kalyani Strategic Systems Limited, as African and Asian manufacturers deepen ties to arm forces across emerging markets.
