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China: We will not assume control over Ugandan air terminal over advance default

Chinese specialists have said they are not keen on assuming control over Uganda’s sole global air terminal in case country defaults borrowed.

As indicated by reports, Entebbe International Airport and other Ugandan resources were appended and consented to be taken over by Chinese banks upon discretion of a $200 million credit.

President Yoweri Museveni was said to have sent an assignment to Beijing, capital of China, expecting to rework the poisonous provisos yet the visit was fruitless as China specialists supposedly wouldn’t permit any change in the first terms of the arrangement.

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

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“I am sorry that we shouldn’t have acknowledged a portion of the conditions,” Kasaija advised individuals from the board in light of inquiries posed by the officials.

In any case, reacting to provides details regarding the conceivable takeover of the air terminal, the Chinese international safe haven in Uganda said, “The malignant claim that ‘Uganda gives up key resources for China cash’ has no real premise and is badly planned uniquely to misshape the great relations that China appreciates with non-industrial nations including Uganda.

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“Not a solitary venture in Africa has at any point been seized by China due to neglecting to pay Chinese credits.”

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