China Exim Bank's Controversial Loan to Expand Uganda's Entebbe Airport
The China in Africa Podcast
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The Conda Civil Aviation Authority's Contract With China Xim Bank
Sconario rat tha, the revenue generated by the ugonda civil aviation authority, it plummeted by more than 50 % in fiscal year 20 21 due to the pandemic. Its revenues dropped from about 68 million dollars to 32 million dollars. And so four weeks from now, on march 30, first, the grace period of the china xin bank loan expired. The airport is going to be responsible for making interest and principal payments to the lender worth 17 million dollars this year,. So just a if listeners are following the math., They have to make a 22 million dollar payment in just five months time.
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