US EditionUganda risks losing Entebbe International Airport over Chinese loan
7 Articles
7 Articles
Museveni to surrender Uganda’s only international airport over Chinese loan
On Tuesday, 17 November 2015, the Uganda government signed an agreement with Export-Import Bank of China (Exim Bank) to borrow $207 million at two per cent upon disbursement. The loan had a maturity period of 20 years including a seven-year grace period. It has now emerged that the deal signed with the Chinese lenders virtually […]
We are not interested in taking over Entebbe Airport over loans- China - Watchdog Uganda
China has dismissed claims that it wants to takeover Entebbe International Airport over loans.The Chinese Embassy in Uganda has since described claims as intended malice by the Western powers.Using their Twitter handle, the Assistant Minister of Foreign Affairs in China Wu Jianghao said that it’s not always fair to label the loans China gives to African countries as debt traps yet when Western powers give in loans, they are labelled as donations…
China To Take Over Uganda’s Lone International Airport Over Failure To Repay Loan
By Abdulyassar AbdulhamidThe government has failed to reverse a loan agreement with the Chinese which had repayment conditions of attaching its only airport.Entebbe International Airport and other Ugandan assets were attached and agreed to be taken over by Chinese lenders upon arbitration of the loan.According reports, President Yoweri Museveni had sent a delegation to Beijing hoping to renegotiate the toxic clauses.The visit was unsuccessful as…
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