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Home / In the News / Media Article

2022-02-27

Chinese lenders squeeze African borrowers even harder

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The Financial Times
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Policy Brief

Is Beijing a predatory lender? New evidence from a previously undisclosed loan contract for the Entebbe International Airport Upgrading and Expansion Project

2022-02-27

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February 27, 2022

AidData publishes a controversial $200m Chinese loan contract for Uganda’s main airport

A source of international concern, the loan contract shows China Eximbank does not have any legal grounds to seize Entebbe International Airport—but it has required the Government of Uganda to keep cash collateral in an escrow account that can be seized in the event of default.

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