NewStats: 3,261,617 , 8,174,521 topics. Date: Thursday, 29 May 2025 at 07:19 PM 48425f

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 means Uganda “surrendered” its most prominent and only international airport.

The Uganda Civil Aviation Authority says some provisions in the Financing Agreement with China expose Entebbe International Airport and other Ugandan assets to be attached and taken over by Chinese lenders upon arbitration in Beijing.

It also emerged that China has rejected recent pleas by Uganda to renegotiate the toxic clauses of the 2015 loan, leaving Ugandan President Yoweri Museveni’s istration in limbo.

According to the Daily Monitor, the Ugandan government waived international immunity in the agreement it signed to secure the loans, exposing Entebbe International Airport to take over without international protection.

In desperation, Uganda in March sent a delegation to Beijing hoping to renegotiate the toxic clauses of the deal but the officials came back empty-handed as China would not allow the of the original deal to be varied.

Last week, Uganda’s Finance Minister Matia Kasaija apologized to parliament for the “mishandling of the $207 million loan” from the China Exim Bank to expand Entebbe International Airport.

Progress of works at the airport, built in 1972, has reached 75.2 per cent, with two runways having reached overall completion of 100 per cent.

Entebbe International Airport is Uganda’s only international airport and handles over 1.9 million engers per year. Its seizure by China would greatly dent the legacy of the 77-year-old Museveni, who came to power on the back of an armed uprising in 1986, and expose him to election defeat.

https://punchng.com/uganda-loses-only-international-airport-over-chinese-loan/

I'm sure that the loan was embezzled.

africa...

" the Ugandan government waived international immunity in the agreement it signed to secure the loans, exposing Entebbe International Airport to take over without international protection."
Can you imagine
Who does that??!!!

And we are still borrowing, don't forget our railways are been funded by China

Those that Buhari used their region to negotiate for all those lone should start using their tongue to count their teeth, especially Lagos.

Lets not act as if we don't know that the collateral is almost everything in Lagos.

lordm:
And we are still borrowing, don't forget our railways are been funded by China

None Igboland.
So, Buhahahaha . Their loss, our gain.

Sometimes, it is a blessing when your enemy despise you, especially if that enemy is as clueless as Nigeria.

Wickedness is a characteristic of many African leaders.

TundeWX:
" the Ugandan government waived international immunity in the agreement it signed to secure the loans, exposing Entebbe International Airport to take over without international protection."
Can you imagine
Who does that??!!!

The same thing Amaechi did to secure Chinese loans for refurbished locomotives and railway.. they shrouded the whole thing in secrecy and were even g agreement documents written in Chinese language.

We the ever intellectual Igbos know that this is the fate of the shithole. Incredibly the sophisticated Ọdụdụnwa children cannot see that the shithole is doomed. They are defending a foreign heritage to the detriment of Ọdụdụnwa. Too much self deceit is bad.

flokii:


The same thing Amaechi did to secure Chinese loans for refurbished locomotives and railway.. they shrouded the whole thing in secrecy and were even g agreement documents written in Chinese language.

Eweeeeeeee!!!!
"Written in Chinese language"

Nigerians can't wait to have their new colonial masters.
Common Chinese name.
Zen peng.
Wo u
Na den
Fu fu

Just saved u the stress of searching when u wanna do change of name

Lalasticlala

Musevini with his oversized coats. He has been taking oversized loans from the Chinese.

How are we even sure that not the only thing they've relinquished to the Chinese govt. Sure there's more.

and the painful part is the project they borrowed the loan for is nothing to write home about. Nothing left of it

I hope Buhari is listening because Buhari has also borrowed a lot of money from China and continues to borrow. I always knew that China giving African countries all this loans was to take over African countries and colonize it again. I don't know why the African man has no brain. What a shame.

So bad for them, that their president no get sense at all.

lol zoo loading

TundeWX:
" the Ugandan government waived international immunity in the agreement it signed to secure the loans, exposing Entebbe International Airport to take over without international protection."
Can you imagine
Who does that??!!!

African leaders.

Similar manner some Nigerians were rejoicing over the new airports terminal built in Lagos and Abuja.

flokii:


The same thing Amaechi did to secure Chinese loans for refurbished locomotives and railway.. they shrouded the whole thing in secrecy and were even g agreement documents written in Chinese language.

Your tears is just starting.

flokii:


The same thing Amaechi did to secure Chinese loans for refurbished locomotives and railway.. they shrouded the whole thing in secrecy and were even g agreement documents written in Chinese language.

You always make sense whenever you're not inflicted by Afonja spirit

TundeWX:
" the Ugandan government waived international immunity in the agreement it signed to secure the loans, exposing Entebbe International Airport to take over without international protection."
Can you imagine
Who does that??!!!

Desperate countries.

HOLY FUCKING SHIT ITS OBVIUS FAKE NEWS IDIOTS THERES NO WAY TO ACCESS THE ARTICLE

Namnam:
HOLY FUCKING SHIT ITS OBVIUS FAKE NEWS IDIOTS THERES NO WAY TO ACCESS THE ARTICLE

ALSO THE ONLY ARTICLES MENTIONING THIS BS ARE STATING THE GOVERNMENT IS RISKING LOSING IT TO PAY OFF LOANS NOT GIVING IT UP

I just hope Nigeria is not next inline

TundeWX:
" the Ugandan government waived international immunity in the agreement it signed to secure the loans, exposing Entebbe International Airport to take over without international protection."
Can you imagine
Who does that? ?!!!

Ask Rotimi Amechi

Nah Aso rock naija go loose on top dullard Chinese loan lol.

When all the loans successive Nigeria Presidents have taken start to come due, na Chinese we go all dey speak

The way China will seize Nigeria, America will just be laughing. Cos Africans were warned but no one listen.

Nigeria still don't believe that these Western countries are switching over to electric cars rapidly.
Aboki thinks Crude oil will be valuable in 8-10 years time. I LAUGHED AT AFRICANs

flokii:


The same thing Amaechi did to secure Chinese loans for refurbished locomotives and railway.. they shrouded the whole thing in secrecy and were even g agreement documents written in Chinese language.

Written in Chinese language
A whole FG can afford an interpreter, I hope so sha