On Tuesday, 17 November 2015, the Uganda government signed an agreement with Export-Import Bank of China (Exim Bank) to borrow $207 million at two per cent upon disbursement. The loan had a maturity period of 20 years including a seven-year grace period. It has now emerged that the deal signed with the Chinese lenders virtually…
24 Apr 2021
The President, Transforming Uplifting and Reforming Nigeria (TURN) Dr. Adekunle Ahmed, has urged the federal government to re-evaluate loans its takes from the Chinese
25 May 2020
A Peep into the mindset of House of Representatives’ member, Hon. Ben Rollands Igbakpa offers an insight as to why the lower legislative chamber resolved to beam it’s searchlights on the avalanche of Chinese loans to the country between 2000 to date.
3 Nov 2019
With some African countries already nursing badly burnt fingers arising from failed Chinese loans/deals, former Deputy Governor of the Central Bank of Nigeria (CBN), Dr. Obadiah Mailafia wants the Federal Government to tread carefully in order not to suffer similar fate.