Uganda has lost its only international airport, the Entebbe International Airport, to China for failing to repay a loan, African media reported.
The government has failed to reverse a loan agreement with China which had repayment conditions for attaching its only airport.
In 2015, China’s Export-Import (EXIM) Bank lent Uganda $207 million at two per cent upon disbursement. The loan, meant for the expansion of Entebbe airport, came with a maturity period of 20 years including a seven-year grace period, News X reported.
However, as per international media reports, the Ugandan government waived off the clause for international immunity for securing the loan, following which the Chinese lender can retake possession of Entebbe International Airport without any international arbitration.
A statement from the Uganda Civil Aviation Authority (UCAA) reportedly suggested that some provisions in the Financing Agreement with China exposed Entebbe International Airport and other Ugandan assets to be attached and taken over by Chinese lenders upon arbitration in Beijing.
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A result of China’s One Belt One Road policy. China enters into such onerous agreements, mostly with third world countries, with the sinister plan that if the country defaults the country’s assets that were financed can be “repossessed” by China. Uganda’s agreement with China was from 2015 and has nothing to do with Pfizer/Covid IMO.
OKay the real-time image of his tongue flick is disturbing - too rapid cycling. I had to roll it off my screen. I slowed it down here:
Actual speed version of that lip thing is here: https://i.imgur.com/nBoadyr.gif
I unwittingly posted the true-speed version on this thread:
Fauci interview: 'Listen to the fake forced laugh and watch the lip bite'
twitter ^ | Nov 28 | Raheem J. Kassam
Posted on 11/28/2021, 10:19:35 PM by RandFan
