Skip to main content

Uganda Defaults On Chinese Debt. Entebbe International Airport And Other Assets Now Under Chinese Control

 

Post Millennial: Uganda's only intl. airport is now under Chinese control due to a default on loan payments 

A Chinese state-owned bank is now the owner of Entebbe International Airport, among other Ugandan assets, due to the Ugandan government's defaulting on a loan. 

The loan for $207 million was originally taken out on Nov. 17 2015. It had a seven-year grace period which, as of the time of this writing, has now passed. 

According to Sahara Reporters, "Entebbe International Airport is Uganda’s only international airport and handles over 1.9 million passengers per year. 

Its seizure by China would greatly dent the legacy of the 77-year-old [head of state Yoweri] Museveni, who came to power on the back of an armed uprising in 1986, and expose him to election defeat."  

Read more .... 

Update: Uganda Surrenders Airport for China Cash (The Monitor)  

WNU Editor: China is saying this is not a big story .... Clichéd ‘debt trap’ lies will not derail China-Africa cooperation (Global Times).  

Update #2: Both Uganda and China are denying these reports .... China to seize Uganda’s Entebbe airport after loan default? Viral report officially denied (The Print). 

But Uganda is admitting that it wants to renegotiate its loan .... Uganda asks China to amend airport-loan clauses: Reports (Bloomberg).  

Update #3: Uganda is not the only country having debt problems with China. Nigeria is on the verge of losing some assets .... Nigeria risks losing assets to China over $3.48bn loan, experts warn FG (Punch).  

Update #4: We shall see .... China loan binge starts to bite; the US, EU hope to gain from fallout (The East African).



from War News Updates https://ift.tt/319JAyz
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Bath Iron Works starts building new Arleigh Burke-class Flight III destroyer USS J. William Middendorf

General Dynamics Bath Iron Works has started construction of the future USS J. William Middendorf (DDG 138), a Flight III Arleigh Burke-class destroyer that will strengthen the U.S. Navy’s missile-defense and escort capacity during sustained operations in the Red Sea, Eastern Mediterranean, and Indo-Pacific. The ceremonial first steel cut took place in Maine on May 19, 2026, as the Navy continues relying on Flight III destroyers equipped with the SPY-6 radar and Aegis Baseline 10 combat system to replace the air defense and command role of retiring Ticonderoga-class cruisers ahead of the future DDG(X) program.  Read full defense news at this link... USS J. William Middendorf belongs to the Flight III configuration that began with USS Jack H. Lucas (DDG 125), the first Flight III destroyer commissioned in October 2023. (Picture source: US Navy) Read more... from World Defence News https://ift.tt/tSRkVWI via IFTTT
Post a Comment
Read more

U.S. Army Conducts Gunnery Exercise With Latest Air Defense System Sgt Stout.

U.S. Army officials confirmed that a live gunnery exercise at Fort Hood, Texas, is underway, featuring the latest-generation Sgt Stout short-range air defense system. The drills mark a significant step toward full operational integration as units across the force adapt to evolving threats from drones, rotary-wing aircraft, and low-flying munitions. It matters because Sgt. Stout enhances the Army’s ability to defend forward-deployed troops and critical infrastructure from modern aerial threats. Read full Defense News at this link ... A U.S. Army SGT Stout SHORAD air defense vehicle maneuvers into firing position during live-fire training with the 6th Battalion, 56th Air Defense Artillery Regiment at Fort Hood, Texas, on October 3, 2025. (Picture source: U.S. Department of War) Read More from World Defence News https://ift.tt/NYmsS1n via IFTTT
Post a Comment
Read more

China’s PHL-191 MLRS Shows How Airburst Munitions Could Transform Modern Battlefield Suppression

 China has showcased what appears to be an airburst-capable munition fired from its PHL-191 long-range modular multiple launch rocket system during a live-fire exercise, highlighting a growing emphasis on suppressing dispersed battlefield targets rather than relying solely on point strikes. Footage released on July 19, 2026, by China Military Online and the Chinese Ministry of National Defense suggests the PLA is expanding its long-range fire-support options with effects designed to disrupt troops, air-defense sites, and lightly protected equipment across a wider area, reinforcing its ability to shape the battlefield before major combat operations begin.  Read Full Defense News At This Link. New PLA footage shows China’s PHL-191 rocket artillery system delivering concentrated, apparent airburst fragmentation effects against dispersed battlefield targets (Picture Source: Chinese Ministry of National Defense) from World Defence News https://ift.tt/jYnGm7H via IFTTT
Post a Comment
Read more