In Summary:Uganda could very well have to forfeit its treasured Entebbe International Airport if it fails to repay the loan. The $207 million loan was absolutely mismanaged by the Ugandan government. The East African country is on the World Bank’s heavily indebted poor countries’ list. In 2015, Uganda borrowed $207 million from the Chinese through the Export-Import Bank of China (Exim Bank). As expected, there were some conditions attached to the loan, among which were a 20-year maturity period and a 2% interest rate. Uganda also reportedly used the Entebbe International Airport and some other national assets as some kind … Continue reading Is Uganda going to lose its Entebbe International Airport due to Chinese debt?