China repo’s Entebbe airport

They also own Zambia’s only international airport and Sri Lanka’s biggest port. It’s called “economic colonization.” Where Donald saw ****holes, China sees an empire.

Top Ugandan officials have been boxed into a corner of bother after lenders in China rejected their request to re-negotiate ‘toxic clauses’ in the $200m (Shs713b) loan picked six years ago to expand Entebbe International Airport.

Some of the unfavourable provisions in the loan agreement that Uganda signed with the Export-Import (Exim) Bank of China on March 31, 2015, if not amended, expose Uganda’s sovereign assets to attachments and take-over upon arbitration awards in Beijing. … sh-3631710

Statistics: Posted by John Q. Public — Sat Nov 27, 2021 11:11 am — Replies 0 — Views 13