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Author Topic: China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal  (Read 359 times)

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Online mountaineer

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China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal
« on: November 27, 2021, 04:38:14 pm »
China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal
 The Museveni-led Ugandan government had on Tuesday, 17 November 2015, signed an agreement with Exim Bank to borrow $207 million at two per cent upon disbursement.
by SaharaReporters, New York
 Nov 26, 2021
Quote
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.

This came despite reports that President Yoweri Museveni had sent a delegation to Beijing for a renegotiation with the Chinese government over toxic clauses that exposed the East African country.  ...

The Uganda Civil Aviation Authority (UCAA) revealed some provisions in the Financing Agreement with China that exposed Entebbe International Airport and other Ugandan assets to be attached and taken over by Chinese lenders upon negotiation in Beijing.

Uganda, however, sought to renegotiate the deal but the latest visits and pleas to alter the original terms with Chinese authorities were declined. ...
Full story at Sahara Reporters



Angela Ramirez
@coangelaramirez
New: The #CCP has just taken over an International Airport in Uganda as a form of payment for default on a debt.
This comes after their large purchase of a cobalt mine (which was purchased from the U.S.) in the Congo
11:17 AM · Nov 27, 2021


Tanzania Updates
@TanzaniaUpdates
China to take over Uganda’s Entebbe International Airport for default on debt repayment. China has rejected Uganda's request to re-negotiate toxic clauses in the $200m loan picked six years ago for the Airport expansion.  The Airport is the only Intl Airport in the country.
3:40 AM · Nov 26, 2021
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Offline Kamaji

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Re: China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal
« Reply #1 on: November 27, 2021, 04:44:11 pm »
This is how they'll take over crucial assets in a large number of different countries.
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Offline Hoodat

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Re: China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal
« Reply #2 on: November 27, 2021, 05:00:57 pm »
Quote from: mountaineer on November 27, 2021, 04:38:14 pm
China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal

Didn't France do something similar in the Ruhr Valley back in 1923?
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Offline Kamaji

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Re: China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal
« Reply #3 on: November 27, 2021, 05:26:09 pm »
Quote from: Hoodat on November 27, 2021, 05:00:57 pm
Didn't France do something similar in the Ruhr Valley back in 1923?

Except that it was a clear military occupation.  It was over Germany defaulting on reparations debts from WWI.

Source:  https://en.wikipedia.org/wiki/Occupation_of_the_Ruhr
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Offline sneakypete

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Re: China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal
« Reply #4 on: November 27, 2021, 09:11:28 pm »
WOW!

Hoo cudda seen THAT comin?

Ah mean,wat wid dim all being Comrades,n all.
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Online Smokin Joe

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Re: China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal
« Reply #5 on: November 27, 2021, 10:12:37 pm »
Keep the palace, we are just foreclosing on your critical infrastructure and mineral rights.
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Offline libertybele

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Re: China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal
« Reply #6 on: November 27, 2021, 10:16:22 pm »
Quote from: Kamaji on November 27, 2021, 04:44:11 pm
This is how they'll take over crucial assets in a large number of different countries.

Who knows what 'negotiations' the Bidens have made with China.  :nono:
« Last Edit: November 27, 2021, 10:17:26 pm by libertybele »
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Offline Kamaji

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Re: China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal
« Reply #7 on: December 03, 2021, 02:12:53 pm »
Quote from: Smokin Joe on November 27, 2021, 10:12:37 pm
Keep the palace, we are just foreclosing on your critical infrastructure and mineral rights.

Exactly.
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Offline DefiantMassRINO

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Re: China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal
« Reply #8 on: December 03, 2021, 02:15:14 pm »
Africa is just replacing one set of colonial masters for another.
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Offline sneakypete

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Re: China Takes Over Ugandan Airport, Other Country's Assets Over $207million Loan Deal
« Reply #9 on: December 07, 2021, 03:04:50 am »
Quote from: DefiantMassRINO on December 03, 2021, 02:15:14 pm
Africa is just replacing one set of colonial masters for another.

@DefiantMassRINO

One that is much,MUCH more brutal.
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