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 administration 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.
Source: Loan Digest (loandigest.net)
ifeanyiokoye04 106confidential Who is next?
🤣😂😃 Nigeria oooooo
Buhari will not see this and learn. Avoid taking loans left, right and centre... Chai
Same will happen to Nigeria very soon.
These is why Africa needs unity ,the western dollar does not get to Africa,we are systematically deprived of the dollars causing nation with huge access to dollar like China to take advantage of Africa
Thesame fate await Nigeria.
Is Nigeria not heading the same direction? The embarrassment would come when those that pushes us into heavy debt might have leave power.
I foresee same for Nigeria. God help us
Goood
They sold the whole country and now they worried about the losing the airport 😅😅😅
Losing? Will the airport be uprooted and relocated to Beijing?
This is Bad signal to those that have 👂. It's a matter of time.
Nigeria on the way
Nigeria will lose' citizen,airport,seaport,land port,train port,and etc if care is not taking aso rock will be China consulate
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. Why Africa leaders are like this?
If Uganda is loosing airport to china over loan,then what's left for Nigeria
They want to become Uganda Republic of China.
The Ugandan presidential tailor is serving 11 years in jail with hard labour for over dressing the president.
Nigeria. Una own nko
Nigeria will loose airports and her citizens if time is not taken...anyway na Lagos airport den go take shaa
I wish the federal republic of Nigeria sees this ooh
Africa🤦🏽🤦🏽🤦🏽
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