The Post Millennial A Chinese state-owned bank is now the owner of Entebbe International Airport, among other Ugandan assets, due to the Ugandan government’s defaulting on a loan.
The loan for $207 million was originally taken out on Nov. 17 2015. It had a seven-year grace period which, as of the time of this writing, has now passed.
According to Sahara Reporters, “Entebbe International Airport is Ugandaâs only international airport and handles over 1.9 million passengers per year. Its seizure by China would greatly dent the legacy of the 77-year-old [head of state Yoweri] Museveni, who came to power on the back of an armed uprising in 1986, and expose him to election defeat…
