Country: Uganda
Related Posts
China’s African Debt Experiment
The Financial Times today published a deep dive into the issue of Chinese lending to African countries and what struck me was how it crystallizes some of the underlying issues that aren’t necessarily made clear in the debt debate. ...
Armed Chinese and Ugandan Commandos Conduct Rare Joint Operation
New details are emerging of a rare joint operation that took place last month between armed Chinese and Ugandan commandos. The operation led to the arrest of half of an eight-member criminal gang wanted by Chinese authorities. The late-night raid conducted ...
East Africa’s New Year’s Resolution: Borrow More Money
Kenya, Tanzania, and Uganda are starting 2022 with an eye on borrowing hundreds of millions of dollars to fund new infrastructure development and to help close the finance gap created by the ongoing COVID-19 pandemic. The Kenyan ...
WEEK IN REVIEW: Kenya’s Monetary System Struggling Under the Weight of Chinese Debt Servicing Obligations
The demands of servicing debts, largely to China, are weighing heavily on Kenya's monetary system. The shilling dropped again in Monday trading and the central bank reported that foreign exchange reserves have plunged by $899 million over the last three months. Analysts say beyond the hundreds of millions ...
What Does ‘African Agency’ Actually Look Like? We’ll See…
The moral panic in Uganda about a possible Chinese seizure of the Entebbe airport as a result of a loan default is a rare example of a trend that’s both trivial and serious. In the former sense, the panic is based on misreporting. The loan is still ...
Chinese Stakeholders in Uganda Really Want to Change the Conversation About the Entebbe Airport
Both the Chinese embassy in Kampala and the Chinese contractor responsible for upgrading the Entebbe International Airport have been working hard this week to move the conversation away from the debt trap story that dominated the headlines over the past three weeks.
China’s Ambassador to Uganda Tried (Again) to Settle the Entebbe Airport Seizure Controversy
The Chinese and Ugandan governments collaborated in what appears to be an effort to jointly refute last month's Daily Monitor story that falsely claimed the Entebbe Airport would be seized by China as part of a debt default. Ambassador Zhang Lizhong led ...
Don’t Worry Africa… China Isn’t Going to Seize Your Assets, But They’re Also Not Going to Forgive Your Debts
There is a sense of anxiety over Chinese debt in several African countries and beyond. From Zambia to Kenya, Uganda, and now even in the small Balkan country of Montenegro. Repeated assurances from China and borrowing countries that the debt situation is under ...
WEEK IN REVIEW: Museveni Swats Aside Allegation Entebbe Airport Will be Forfeited to China
Ugandan President Yoweri Museveni issued his first public comments about the media reports that incorrectly alleged the Entebbe International Airport is at risk of being forfeited to China. "I don't remember mortgaging the airport for anything," President Museveni told Reuters over the weekend. "There is no problem, they ...
First Trucks Roll Off the Assembly Line at a New Chinese-Backed Assembly Facility in Uganda
Chinese and Ugandan officials were on hand Wednesday to watch the first truck manufactured by the Uganda Automotive Group (UAG) roll off the assembly at the Namanve Industrial Park in central Uganda. The new factory is a partnership between UAG and China's ...
The Uganda Airport Controversy is Prompting Renewed Discussion in East Africa About Chinese Debt
The last two weeks' uproar over (unfounded) allegations that Uganda will forfeit the Entebbe International Airport is finally winding down. It's making way for a more nuanced, thoughtful discussion on the implications of Chinese loans to East African countries. Economist and ...
No, Uganda’s Entebbe International Airport Was Not Re-Branded “China Ebb International Airport”
There have been all sorts of rumors, misinformation, and outright fake news circulating over the past two weeks about the fate of the Entebbe International Airport in Uganda. Many have reported that the airport has been seized by China as a result of Uganda failing to repay ...