Uganda has lost its only international airport
to China after it failed to repay its loan. Uganda is the latest African
country to fall into China's debt trap and had to give up national assets to
China.
Uganda is seeking to
amend a loan agreement it signed with China in 2015 to ensure the government
doesn't lose control of the nation's only international airport
The East African
nation borrowed $200 million from the Export-Import Bank of China to expand the
Entebbe airport, according to the reliable sources.
Among the clauses that
the government wants to change is the need for the Uganda Civil Aviation
Authority to seek approval from the Chinese lender for its budget and strategic
plans, the Monitor reported.
Another rule mandates
that any dispute between the parties will have to be resolved by the China
International Economic and Trade Arbitration Commission, according to the
newspaper.
The spokesman for
Uganda's aviation regulator and China's director general for African Affairs in
separate tweets denied that the Chinese lender had taken over the airport.
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