• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Tuesday, July 1, 2025
Emerald News Nigeria
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
Emerald News Nigeria
No Result
View All Result

Could Nigeria be in danger as China takes over Uganda’s international airport over $207m loan?

by Emerald Nigeria
November 27, 2021
in Economy
China Takes Over Uganda’s Entebbe International Airport & Other Assets Over $207m Loan
ShareTweetShareShare

The Ugandan Entebbe International Airport and other assets in the country have been taken over by Chinese lenders, the Export-Import Bank of China following the failure of the Ugandan government to repay a loan.

It was gathered that the Museveni-led Ugandan government had on Tuesday, 17 November 2015, signed an agreement with Exim Bank to borrow $207 million at two per cent upon disbursement.

The loan had a maturity period of 20 years including a seven-year grace period.

However, it was later discovered that the transaction signed with the Chinese lenders practically means Uganda “surrendered” its only international airport.

In desperation, President Yoweri Museveni sent a delegation to Beijing in March 2021 for a renegotiation with the Chinese government over toxic clauses that exposed the East African country.

However, the officials came back empty-handed as China would not allow the terms of the original deal to be varied.

Also Read:

People in this community live in floating homes on the sea, they never marry people living in mainland, and they also refuse moving out of the waves, and here’s why

Fear of coup: Another 2 African countries retire senior military generals, release lifetime packages for them

TRENDING: Magistrate remanded in prison custody, his offense will surprise you

What man did after being removed from WhatsApp group where he paid to join will shock you

Note that Entebbe International Airport is Uganda’s only international airport and handles over 1.9 million travellers each year.

China seizing the Entebbe International Airport would incredibly imprint the legacy of the 77-year-old Museveni.

This additionally predicts grave risk for different borrowers from China – including Nigeria as eyewitnesses dread the nation is being offered to the Asian power.

 

ALSO READ: Loan from China: Chinese can’t take over Nigeria’s sovereignty without battle – Fani-Kayode

Tags: ChinaUganda
ShareTweetShareSend
Previous Post

Moment newborn baby was found on church’s altar (Waideo)

Next Post

Widow of late singer, Sound Sultan pens heartwarming message to celebrate his posthumous birthday

Related Posts

Nigeria’s Crude Oil Output Surges Past 1.7 Million Barrels Per Day, Thanks to Tantita Security Operations

Nigeria’s Crude Oil Output Surges Past 1.7 Million Barrels Per Day, Thanks to Tantita Security Operations

June 29, 2025
Senator Nwoko to establish ICT centre in Issele-Mkpitime as Obi applauds his commitment to community development

Senator Nwoko to establish ICT centre in Issele-Mkpitime as Obi applauds his commitment to community development

June 8, 2025
AirPeace Passenger Recounts Ordeal as Abuja-Asaba Flight Faces Multiple Delays, On-Ground Incident

AirPeace Passenger Recounts Ordeal as Abuja-Asaba Flight Faces Multiple Delays, On-Ground Incident

June 7, 2025
JUST IN: No past governor will go without full investigation – EFCC

Delta Host Communities Demand EFCC Probe of N1.3 Trillion 13% Oil Derivation Funds

June 5, 2025
Federal Government Distributes 3,500 Life Jackets in Delta State to Boost Waterway Safety

Federal Government Distributes 3,500 Life Jackets in Delta State to Boost Waterway Safety

June 2, 2025
Join Vickyheldan’s Interior Design Masterclass and transform your creative business

Join Vickyheldan’s Interior Design Masterclass and transform your creative business

May 29, 2025
Next Post
Widow Of late singer, Sound Sultan pens heartwarming message to celebrates his posthumous birthday

Widow of late singer, Sound Sultan pens heartwarming message to celebrate his posthumous birthday

Trending

  • (Watch Video): Leaked S3x tape of another Nigerian celebrity is shared online, victim reacts as her video goes viral

    (Watch Video): Leaked S3x tape of another Nigerian celebrity is shared online, victim reacts as her video goes viral

    0 shares
    Share 0 Tweet 0
  • You misrepresented facts in your press interview – APC chieftain replies Festus Okubor

    0 shares
    Share 0 Tweet 0
  • Bridging the Digital Divide: First Lady, NDDC, RHI Champion Tech Access for Delta Students

    0 shares
    Share 0 Tweet 0
  • Waziri Adamawa Title: Mayor Akpodoro expresses concern, worries over Atiku’s indigeneship

    0 shares
    Share 0 Tweet 0
  • We Will Celebrate His Life, Mourn His Death – Mayor of Urhoboland Commiserates with Dantata Family

    0 shares
    Share 0 Tweet 0
  • Delta First Lady Extends Food Outreach to 400 Households Under Renewed Hope Initiative

    0 shares
    Share 0 Tweet 0
  • Supreme Court Dismisses Second Attempt At Appeal By Dieyi Family In Ogwashi-Uku Royal Dispute

    0 shares
    Share 0 Tweet 0
  • Injustices done to Africa must be restituted by colonial masters – Ned Nwoko says

    0 shares
    Share 0 Tweet 0
  • A Senator Who Shows Up: Ned Nwoko’s Groundbreaking Constituency Leadership

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Crude Oil Output Surges Past 1.7 Million Barrels Per Day, Thanks to Tantita Security Operations

    0 shares
    Share 0 Tweet 0

Latest Stories

Senator Ned Nwoko Champions New Era for Nollywood at AGN Secretariat Launch

June 30, 2025

You’ve been a pillar of support to our people – Senator Nwoko celebrates Dein of Agbor at 48

June 30, 2025

Anambra Poised to Become West Africa’s Tech Hub — Governor Soludo

June 29, 2025

Nigeria’s Crude Oil Output Surges Past 1.7 Million Barrels Per Day, Thanks to Tantita Security Operations

June 29, 2025

Resignation: Respect Ganduje’s decision, it was made in good faith – Akpodoro tells critics

June 29, 2025

We Will Celebrate His Life, Mourn His Death – Mayor of Urhoboland Commiserates with Dantata Family

June 29, 2025

You misrepresented facts in your press interview – APC chieftain replies Festus Okubor

June 28, 2025

Injustices done to Africa must be restituted by colonial masters – Ned Nwoko says

June 28, 2025

A Senator Who Shows Up: Ned Nwoko’s Groundbreaking Constituency Leadership

June 27, 2025

Bridging the Digital Divide: First Lady, NDDC, RHI Champion Tech Access for Delta Students

June 27, 2025
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

© 2024 Emerald News Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Emerald News Nigeria
  • Inside Delta
    • Niger Delta
  • Politics
  • Economy
  • Crime
  • Education
  • Health
  • Entertainment
  • Relationship
  • Special Report

© 2024 Emerald News Nigeria.