Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $21,223
26%  
Woo hoo!! And we're now over 26%!! Thank you all very much!! God bless.

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  • Uganda loses its only international airport to China for failing to repay loan: Reports

    11/28/2021 6:01:07 PM PST · by george76 · 107 replies
    India Today ^ | November 28, 2021
    Uganda lost its only international airport, the Entebbe International Airport, to China for failing to repay a loan,.. 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...