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Uganda loses its only international airport to China for failing to repay loan: Reports
India Today ^ | November 28, 2021

Posted on 11/28/2021 6:01:07 PM PST by george76

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To: george76

Africans are learning a tough lesson about Chicom “deals.”

Something about doing business with the devil comes to mind...

Chicoms of course are penny wise pound foolish. Being a stickler on 3rd world loans does not buy you influence, nor does owning an airport if the local government turns on you.


81 posted on 11/28/2021 10:48:04 PM PST by KingofZion
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To: george76

This is the warning sign we have been awaiting for re their future takeover of Africa.


82 posted on 11/28/2021 11:13:21 PM PST by MadMax, the Grinning Reaper (Figures )
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To: george76
This is probably a loss for China.

As much as I hate to see China get a foot hold in any country, this is probably going to cost China.

Other Factors:

Possibilities:


83 posted on 11/28/2021 11:22:09 PM PST by DannyTN
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To: Maine Mariner

Good Uganda can become the Chinese’ own little Vietnam for them...fighting off guerilla groups including Muslims that don’t like them. Uganda is landlocked with no access to the sea and it averages about 900 meters above sea level. Gunboats will have to be trucked across other nations to get to the passable lakes or rivers or airdropped. No easy resupply.


84 posted on 11/28/2021 11:43:58 PM PST by mdmathis6 (Having the Conch shell is no longer recognized by Dem "Flies" as giving one authority to speak.)
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To: PGR88

USA sent its first WWII troops to Africa.


85 posted on 11/29/2021 12:34:00 AM PST by Does so (DC: "The Chinese city on top of a hill".)
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To: BigEdLB

China controls ports formerly run by the USA.


86 posted on 11/29/2021 12:43:56 AM PST by Does so (DC: "The Chinese city on top of a hill".)
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To: george76

Remember Trump talking about Greenland?

Same thing is gonna happen there.

why is Greenland important? Huge rare earth deposits. CCP has been working its way to complete monopoly on that bunch of assets.

Many in our fedzilla have been helping them do it to us too.


87 posted on 11/29/2021 2:42:34 AM PST by Grimmy (equivocation is but the first step along the road to capitulation)
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To: DesertRhino

I wonder if there is a corollary for the Caribbean, i.e., the Caribbean always wins. China is currently making moves in Jamaica and Barbados.


88 posted on 11/29/2021 3:36:01 AM PST by Cecily
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To: PGR88
Not just Africa...

Will Barbados live to regret kicking out the Queen and being seduced by Beijing's billions... and is it a sign the Crown's days could be numbered elsewhere? asks ROBERT HARDMAN

89 posted on 11/29/2021 3:44:23 AM PST by mewzilla (Those aren't masks. They're muzzles. )
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To: Cecily

See my reply #89.


90 posted on 11/29/2021 3:44:51 AM PST by mewzilla (Those aren't masks. They're muzzles. )
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To: george76

$207 million? The U.S. should cut a check and pay it off. It’ll annoy the Chinese and might increase our influence in Africa to offset theirs.


91 posted on 11/29/2021 3:57:03 AM PST by DoodleDawg
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To: mewzilla

I think you have been wondering about whoever may be financially supporting the useful idiots Halfwit and MeGain in their campaign to diminish the prestige and influence of the British monarchy. Those two stooges are just trying to get rich, join the A list somewhere, and dish out some petty revenge because they are spoiled brats, but they may unwittingly be serving someone else’s nefarious purposes.


92 posted on 11/29/2021 4:02:18 AM PST by Cecily
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To: george76

Having seen this occurring in West Africa, I have some idea of where this eventually goes.

China will begin operating the airport for their own profit. Uganda will raise taxes. China will eventually complain or stop paying the taxes. Uganda will seize the airport for failure to pay back taxes. Somebody else will see this as a political opportunity to offer Uganda money to fix up the airport.

This will take less or more time depending on the amount of money China bribes the government officials with. Eventually though, they do not offer enough money and the politician thinks they can get more money for the airport from someone else.


93 posted on 11/29/2021 5:19:13 AM PST by wbarmy (I chose to be a sheepdog once I saw what happens to the sheep.)
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To: max americana

There are hundreds of common diseases they “know” nothing about in Africa, but the US has seen them many times in other places.

If the base there was dealing with sending troops into the bush, they would know what was needed. In my case it was the dreaded Gamma Globulin shot! That was a “literal” pain in the butt.


94 posted on 11/29/2021 5:21:43 AM PST by wbarmy (I chose to be a sheepdog once I saw what happens to the sheep.)
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To: bitt; Fred Nerks

Watch Uganda suffer the same fate as Tibet....population replacement by Chinese....starting with the forced sterilization of Ugandan women.......BUT you won’t hear a thing about it.....all done in secret....squeelers will be assassinated.....

Nothing to see here, Biden approves along with Hunter.

Move along now......

Enjoy your Moo Goo Guy Pan.

The stupid baftards who elected Biden have ruined the world.
There will be war.You only have a few months to prepare.

Joe Bidens lips will soon wear out from kissing totalitarian ass in Iran, China and Russia.And then.....Look OUT!

WAR!

No transgenders will serve on the front lines.And bullets do not kill gatys in the US military, youknow, they are such great leaders in our combat military.


95 posted on 11/29/2021 6:10:24 AM PST by Candor7 ((Obama Fascism:http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: PAR35

It was never suspicious at all that the foreign money pouring into the Clinton Foundation tapered off after she lost, right?


96 posted on 11/29/2021 6:11:40 AM PST by Rurudyne (Standup Philosopher)
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To: george76
Last week, Ugandan Finance Minister Matia Kasaija had apologised to Parliament for “mishandling” the multi-million dollar loan.

My guess is that Mr. Kasaija is a very wealthy man and has tons of yuan.

97 posted on 11/29/2021 7:05:04 AM PST by Go Gordon
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To: george76; Godzilla; bitt; Whenifhow; null and void; aragorn; EnigmaticAnomaly; kalee; Kale; ...
From the article):" 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.
It's all part of the plan, and the essence of the "Belt and Roads " policy of the ChiComs.
They appeal to the leadership of the destitute country, knowing full well that the top of the funds will get 'skimmed off' by the current leadership
and when the repayment comes due, there is new leadership, and they are unable to make adequate payment to satisfy the loan, and the collateral comes into default.
This is the ChiCom plan for lucrative expansion for ports, airfields, and minerals in the poorer, but strategically located countries.

98 posted on 11/29/2021 8:17:53 AM PST by Tilted Irish Kilt
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To: george76
Africans have been reneaging on loans for decades- they assumed the 'pity party' would go on forever... People even warned them the Chinese didn't carry a lot of 'white liberal elite guilt'... but they were too greedy to hear.

This isn't a 'one loan' deal - China's been making these loans all over Africa. For a long time.

Don't feel sorry for greedy African 'elites...

Feel sorry for the people of Africa and the people of the United States because our State Department types could have done something .. god only knows who's paying off our people... Ask Hunter? I'm guessing the same people who are 'paying off' the MSM with THEIR coin of the realm - information... Washington Post? New York Times? MSNBC?

99 posted on 11/29/2021 8:59:31 AM PST by GOPJ (One man lying to himself is pathetic - - a culture lying to itself seeds it's own destruction.)
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To: Harmless Teddy Bear

China would get swallowed up in Uganda. They can never subdue it. Africa always wins.


100 posted on 11/30/2021 8:15:48 AM PST by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up....)
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