China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal
Uganda is set to lose its only international airport to China due to a $207 million loan it took in 2015.
China has refused to renegotiate the terms of the loan deal, which states that China will take over the airport if the debt isn't paid.
Chinese lenders, the Export-Import Bank of China, also known as Exim Bank, has taken over the Ugandan Entebbe International Airport and other assets in the country over the failure of the Ugandan government to repay a loan.
Uganda is set to lose its only international airport to China due to a $207 million loan it took in 2015.
China has refused to renegotiate the terms of the loan deal, which states that China will take over the airport if the debt isn't paid.
Chinese lenders, the Export-Import Bank of China, also known as Exim Bank, has taken over the Ugandan Entebbe International Airport and other assets in the country over the failure of the Ugandan government to repay a loan.
