Spotlight UGANDA 13/12/2019

Frustrated Museveni finds Chinese loans come with political strings attached

Ugandan President Yoweri Museveni and his Chinese counterpart Xi Jinping in Beijing.
Ugandan President Yoweri Museveni and his Chinese counterpart Xi Jinping in Beijing. ©Reuters
According to Bank of Uganda figures seen by the Indian Ocean Newsletter, Kampala's reliance on Chinese loans is rising steadily, accounting for 35% of its total debts today compared to 29% in 2018. However, thanks to smart accounting advice from [...] (558 words)
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