Thursday, November 7, 2019

China Is Becoming More Cautious in Financing Large African Infrastructure Projects

Reuters published on 6 November 2019 an article titled "Uganda Seeks Other Backers to Fix Creaky Railway after China Delays US $2.2 Billion in Funds."

Uganda has been negotiating for years with China for a $2.2 billion loan to construct a new standard guage railway. China demured as Uganda failed to develop its oil fields, thus raising questions about Uganda's ability to repay the loan.