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Africa

China rejects allegations it may grab Ugandan airport if country defaults on loan | Source: Reuters

China has rejected allegations that it may grab Uganda’s sole international airport if the east African country fails to service a $200 million loan for the expansion of the facility. A parliamentary probe concluded that China had imposed onerous conditions on the loan, including potential forfeiture of the airport in case of default. China has been accused by Western countries of luring poor countries into “debt traps” which they are unable to repay.

Source: Reuters


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