China Exim Bank's Controversial Loan to Expand Uganda's Entebbe Airport
The China in Africa Podcast
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Ugonda and the Kenyan Railways - What's Going On?
Kenya is using its precious foreign exchange reserves now to servece these dollar denominated debts. Like uganda, kena imports an enormous amount of chinese goods so there's a huge trade in balance. Ugonda may be going in a very similar situation because it faces also a large trade in balance with china and now it has these high debt servicing costs. This is the story worth watching unfold right now.
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