China repo's Entebbe airport

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John Q. Public
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China repo's Entebbe airport

Post by John Q. Public »

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.

https://www.thecitizen.co.tz/tanzania/n ... sh-3631710
Don't look at me, I just work here.
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