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China puts ‘aggressive’ terms on Entebbe airport loan- researchers

Noelyn Nassuuna by Noelyn Nassuuna
March 1, 2022
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China puts ‘aggressive’ terms on Entebbe airport loan- researchers

An aerial view of Entebbe International Airport. PHOTO/COURTESY

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By AFP

A top Chinese lender has imposed “aggressive” repayment terms on a $200 million loan to expand Uganda’s Entebbe international airport, US-based research lab AidData said Monday, criticising the bank for forcing the government to repay its debt before funding public services.

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Chinese state banks are the biggest source of infrastructure funding to Africa, and have been criticised for their predatory lending practices although details of contracts are rarely made public

Read more: https://www.monitor.co.ug/uganda/news/national/china-puts-aggressive-terms-on-entebbe-airport-loan-researchers-3732882

Noelyn Nassuuna

Noelyn Nassuuna

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Opposition protest ‘wasteful expenditure’ on foreign trips

September 22, 2023
We inherited the poor roads – KCCA

Lukwago blames KCCA for city floods, bad roads

September 22, 2023
Lukwago blames KCCA for city floods, bad roads

NMG journalist arrested over Lubowa hospital story

September 22, 2023
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