Tag: Uganda
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Uganda Confident It Will Secure $2 Billion China Exim Bank Loan to Build New Standard Gauge Railway
The Ugandan government is reportedly in talks with the China Exim Bank to secure a $2 billion loan to build a new Standard Gauge Railway, according to the Daily Monitor newspaper. The head of Uganda Railways Corporation, Stanley ...
No Excuses. China Exim Bank Rejects Uganda’s Appeal For Repayment Delay
Back in August, the Ugandan government asked the China Exim Bank for a repayment delay on the loans needed to build the $1.7 billion Karuma dam project. A week went by and the bank replied with a simple answer: no. The government had requested the repayment delay ...
Uganda’s National Debt Surged 21% to Offset the Downturn Brought on by COVID-19
The Ugandan government has significantly increased its borrowing in a bid to help mitigate the financial impact of the ongoing economic crisis brought on by the COVID-19 pandemic. The Central Bank on Tuesday said that in the period from June 2019 to June 2020, borrowing increase by ...
A Critical Look at Chinese Agricultural Engagement in Africa
The Chinese take a very different approach to their agricultural development programs in Africa compared to those of traditional donors. Rather a conventional aid model, China instead built dozens of centers in countries across the continent that bring together Chinese technical ...
COVID-19 Crisis Sparks New Drive in Africa to Reduce Dependency on Chinese Imports and Boost Local Manufacturing
The disruption to global trade due to the COVID-19 outbreak and high levels of dependency on imported Chinese goods are prompting policymakers in a growing number of African countries to develop new initiatives that aim to boost local manufacturing. Uganda Wants ...
A Ugandan State-Owned Newspaper Issues Correction Over Taiwan
The state-owned New Vision newspaper in Uganda issued a correction on Tuesday for referring to Tsai Ing-wen as the "President of Taiwan," rather than how China describes her role: as the "leader of the Taiwan Region."
A Western (read US) Role in What’s Happening in Guangzhou Emerges as a Key Chinese Message Point
One of the key themes to emerge from China's rebuttal to well-documented instances of maltreatment of African migrants in Guangzhou centers around the role that Western governments are playing to foment discord in China and in its ties with African countries. ...
Without the Chinese, Uganda is Going to Find Out if Anyone Else Wants to Loan Them Money to Refurbish a Railway
After failing to secure a $2.2 billion loan from the Chinese to build a new Standard Gauge Railway (SGR) to replace the country's decrepit century-old colonial-era railway, Uganda is now looking to secure funding for a much more modest refurbishment of its 1,266km system. ...
A Cautionary Lesson About Chinese Manufacturing in Africa
The pace of Chinese manufacturing going offshore has picked up significantly in the past year, spurred on by U.S. sanctions and the worsening U.S.-China trade conflict. Regardless of what's going on with the U.S., manufacturers were already motivated by China's rising ...
Why Would Uganda Write a Letter to Support China’s Position in Hong Kong?
The Ugandan government last week seemingly felt it necessary, very likely at the strong urging of the Chinese government, to draft a letter that reaffirms Beijing's sovereignty over Hong Kong and the importance of the one country, two systems policy in response to the past four months ...
Huawei VP: WSJ Allegations of Spying in Africa Is Just “Fake News”
"Fake news" is how Huawei's vice president of strategy, Andrew Williamson, characterized last week's Wall Street Journal story on alleged spying in Uganda and Zambia. He made the comments in an interview with the state-led Russia Today television network. It's Fascinating ...
China Jumps Back Into the Fight Against Ebola in Africa
The Chinese government is preparing to send medical personnel to South Sudan and Uganda in a bid to contain the spread of the Ebola virus that is currently ravaging parts of the eastern Democratic Republic of the Congo. Since the Chinese ...