UGANDA HAS LOST ITS ONLY AIRPORT

(ENTEBBE INTERNATIONAL AIRPORT)

               Uganda lost its only airport for not repaying the loan the government has failed to reserve a loan agreement with China which had repayment conditions for attaching its only airport.China has lent $207 million to Uganda from China's Export - Import Bank (EXIM) in 2015 the loan was bought for the expansion of the Uganda Airport , Entebbe Airport came with a maturity period of 20 years including a seven year grace period

                   The Uganda government waived off the clause for international immunity for securing the loan ,  following which the lender can retake possesion of Entebbe International Airport without any arbitration.Uganda Civil Aviation Authority has produced a statement with produce some Financial provisions in agreement with China has exposed Entebbe International Airport and other assets of Uganda to be taken over by Chinese lenders

                The Uganda government waived off the clause for international immunity for securing the loan ,  following which the lender can retake possesion of Entebbe International Airport without any arbitration.Uganda Civil Aviation Authority has produced a statement with produce some Financial provisions in agreement with China has exposed Entebbe International Airport and other assets of Uganda to be taken over by Chinese lenders 

                   Finance Minster Matia kasaija has apologised to the Chinese lenders and to the Parliment for mishandling the multi dollar budget.According to latest media reports  a delegation from unganda President Yoweri Museveni has also visited china earlier to negotiate for the cause of loan aggrement but anyway the meeting was unsuccessful from the ugandian side because the chinese lenders has refused to alter the original parameters of the loan agreement

                  Finance Minster Matia kasaija has apologised to the Chinese lenders and to the Parliment for mishandling the multi dollar budget.According to latest media reports  a delegation from unganda President Yoweri Museveni has also visited china earlier to negotiate for the cause of loan aggrement but anyway the meeting was unsuccessful from the ugandian side because the chinese lenders has refused to alter the original parameters of the loan agreement 

                    Uganda's only International Airport  handles over 1.9 million passengers per year yet . Some of the african countries had to forfeit national assets for direct control by after failing to repay commercial loans signed with haste or without proper scrutinity. China allegedly has taken over the Ugandan Entebbe International Airport and other assets in the Eastern african country. Uganda might soon join the list of countries victimised by China's famed debt trap technique

                   Uganda's only International Airport  handles over 1.9 million passengers per year yet . Some of the african countries had to forfeit national assets for direct control by after failing to repay commercial loans signed with haste or without proper scrutinity. China allegedly has taken over the Ugandan Entebbe International Airport and other assets in the Eastern african country. Uganda might soon join the list of countries victimised by China's famed debt trap technique

                   Reports in some African news portals this week suggested China could take over the Entebbe International Airport — Uganda’s only internarional aitport — over alleged default on a $200 million loan to expand the airport. However, the African country’s civil aviation regulator and Beijing have both denied the reports.