China loan

Chinese Zhongshang seize another Nigerian Aircraft In Canada

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Zhongshang Fucheng Industrial Investment Ltd, a Chinese firm on a seizure spree of Nigerian assets has made it to another luxury jet in Canada. The Chinese firm received a change of custodian paperwork for the Bombardier 6000 type BD-700-1A10 aircraft from Canadian authorities in Montreal This comes after a Quebec court had earlier issued a … Read more

Uganda Risks Losing Only International Airport Over Chinese Loan

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uganda risks losing only international airport over chinese loan

Uganda is on the verge of losing it’s only international airport, the Entebbe International Airport, to China after a debt agreement with the Asian country expired on November 17. The Ugandan government had, on November 17, 2015, signed an agreement with Export-Import Bank of China (Exim Bank) to borrow $207 million at two per cent … Read more