See previous thread here: Uganda Risks Losing Only International Airport Over Chinese Loan


Ugandan statement

CAA dismisses reports of Entebbe Airport takeover by China over loan cash

Uganda Civil Aviation Authority has dismissed as untrue reports that China is set to take over Entebbe International Airport over a loan that government took to facilitate the expansion of airport.

by Kenneth Kazibwe November 27, 2021

Uganda Civil Aviation Authority has dismissed as untrue reports that China is set to take over Entebbe International Airport over a loan that government took to facilitate the expansion of airport.

Media reports this week indicated that there are some unfourable provisions in the loan agreement that Uganda signed with the Export-Import (Exim) Bank of China in 2015 and that if not amended, it would expose the country’s sovereign assets to attachments and take-over of Entebbe Airport by the Chinese government.

The reports have since raised dust from members of the public, especially on social media who blasted government for signing the agreement that might see the country’s only international airport taken over by the Chinese government.

However, in a statement released on Saturday, the Uganda Civil Aviation Authority(UCAA) dismissed the reports as untrue.

“I wish to make it categorically clear that the allegation that Entebbe Airport has been given away for cash is false. The government of Uganda cant give away such a national asset .We have said it before and repeat that it has not happened. There isn’t an ounce of truth in it,”UCAA spokesperson, Vianney Luggya said.

In the report, it was indicated that the loan agreement between the two countries, UCCA is required to set up an “escrow account to hold all of the authority’s revenues.”

It was further said that as part of the agreement, the government body mandated to regulate civil aviation in Uganda is not allowed to use money on the said account without approval from the Chinese government.

However, in the statement, UCAA admitted that whereas they opened up a sales collection account in Stanbic bank where all its revenues are deposited in line with the Escrow Account Agreement terms, no one else controls the account as reported.

“The Authority enjoys the freedom and liberty of spending what is collected (as per the budget). The lender’s monitoring of the account is only similar to what happens when one gets a salary loan or any other loan and the bank requests that the salary is channeled through their bank. It does not mean that lending bank takes over your salary,”Luggya said.

“The loan terms provide a grace period of 7 years, and we are still within that grace period during which only interest is paid, and government has not defaulted on those obligations.”

On Friday, China denied as untrue reports that it is set to take over Entebbe Airport over the loan.

Which of the Chinese projects in Africa have been confiscated in Africa? None! The hype surrounding the Chinese ‘debt trap’ in Africa have no factual basis and is being pushed on malicious grounds,” China’s Director-General for African Affairs Wu Peng said, dismissing the reports as “illogical propaganda”.

https://nilepost.co.ug/2021/11/27/caa-dismisses-reports-of-entebbe-airport-takeover-by-china-over-loan-cash/

Chinese statement.


Chinese Embassy in Uganda @ChineseEmb_Uga

"Why is money offered by Western countries to developing countries considered ‘assistance for development’, while the money offered by China is labelled as ‘debt trap’? This view is NOT logic or correct!”, said Wu Jianghao, Assistant Minister of Foreign Affairs, China

“Which of the Chinese projects in Africa have been confiscated in Africa? NONE! The hype surrounding Chinese ‘debt trap’ in Africa have NO factual basis and is being pushed on malicious grounds”, said @WuPeng_MFAChina, Director-General, Department of African Affairs, MoFA, China

https://mobile.twitter.com/ChineseEmb_Uga/status/1464073668338888719

Chinese Embassy continued.

Xinhua is the Chinese Government's news agency (kind of like their version of NAN).

China Focus: China denounces "debt trap" smears on China-Africa cooperation

Source: Xinhua| 2021-11-26 17:01:36

BEIJING, Nov. 26 (Xinhua) -- Chinese officials on Friday denounced the allegation that China has created so-called debt traps for African countries.

The allegation is a cliche and has been disproved by a wide range of research conducted by governments, scholars, and institutes across the globe, said Wu Peng, head of the department of African affairs of China's Ministry of Foreign Affairs, at a press conference.

Not a single developing country has fallen into the so-called debt traps because of Chinese loans, Wu said.

He added that development is the solution to African countries' debt issue.

In recent years, African countries have been striving to boost social development, however, the funding shortage acts as a major bottleneck constraining Africa's development, according to Wu.

As a genuine partner of Africa, China has been taking the funding needs of African countries seriously, while paying high attention to their debt sustainability, according to Wu.

He said that China has been supporting the move to ease African countries' debt burden and actively implementing the G20 Debt Service Suspension Initiative for Poorest Countries and has the highest deferral amount among G20 members.

After the outbreak of the COVID-19 pandemic, China had announced the cancellation of 15 African countries' debt in the form of interest-free government loans that were due to mature by the end of 2020, Wu said.

Developing countries need development, and development takes money, said Assistant Foreign Minister Wu Jianghao.

"It cannot be said that only the loans provided by Western countries in the past are development aids while the loans from China now are called 'debt traps,'" he said, adding that the logic is untenable.

The "debt trap" allegation is coined by the governments and media of Western countries, he said, urging a more just, balanced perspective on the issue.

http://www.news.cn/english/africa/2021-11/26/c_1310334855.htm

So fake news isn't trending again, it's now misinformation. Hmmm

It may not be physical. Trust the Chinese, it may be systematic.

See the nigeria blogger and local jorn are rushing to spread the misinformation.

This world don spoil finish


Nigerians don dey fear make chain no take over this country

Just know that the airport is as good as gone

The Chinese government is the worst ever. They are the best when it comes to covering their tracks.

wow if you are above 55 of age visit Alaba boys .com for old record music, thank me later

Fake news just full our father land

Ok Nigeria nko

If not for China, Africa would have been a third world shiitthole like America. I laughed when I saw this rubbish propaganda about China taking over Africa. Without China there won't be any Africa. China is the greatest country on Earth and with their help we'll crush global imperialism lead by bastard America

Terrible propaganda by some brainwashed zombies asslicking their slave masters. A country that owes more to China will discourage you from collecting little to develop your state. It’s never a bad thing to borrow if only you use it for the right thing.

Only if Africa can wake up to realize the Plans China has for her.

Even as we speak Nigeria is already sold out to china without we knowing..

Abeg if your spouse is cheating, let's help you clone their WhatsApp and get their messages delivered directly into your phone..

Hypertension go make some people log out of this forum today

continue lying.

Believe Chinese at your own peril.

I read some articles on quartz.com.

I would share links shortly.

The Chinese have their sights firmly on world domination... they are already on the way.

https://qz.com/re/china-21st-century-silk-road/

ShaqFu:
So fake news isn't trending again, it's now misinformation. Hmmm

wat is d difference

Ugandans everywhere

Just chill, they are yet to get there. They can’t tho, but that’s their plan

I believe China. The west is gone if propaganda is now their only weapon. China has a lot of money to throw around and they are using that to gain influence. It’s not bad.
You see those ones that don’t like good news will say China is lying like they have access to the agreement.

deekseen:
It may not be physical. Trust the Chinese, it may be systematic.

jericco1:
Just know that the airport is as good as bad

The Chinese government is the worst ever. They are the best when it comes to covering their tracks.

ugabamuzu:
Only if Africa can wake up to realize the Plans China has for her.
Okay
Even as we speak Nigeria is already sold out to china without we knowing..

finalboss:
continue lying.

Why do you guys want Nigeria to fail so much? Now you are extending the hate to the whole of Africa? When you achieve your utopia are you going to move it to America? Think. Think!

.

Maybe it's been sorted

gassbee:
wat is d difference

with fake news. It's It's a lie. With misinformation, it is exaggerated.

Raid on Entebbe....that movie that year

Reminds me of 90 minutes at Entebbe...
A good read

china is try its best to develop the world while america is trying their best to ruin it.

What Buhari sees when sitting,western country and there IPOB allies don't see it even when climbing iroko tree.GOD BLESS YOU BABA BUHARI.