21.3 C
Kampala
July 17, 2024
Let Out  News
Image default
National News

China hits out at the West for malice in the African Conquest

China has come out to hit out at the West for spreading malice against the infrastructural developments the Asian country is undertaking in Africa.

The objections were issued by the Chinese Director-General, Department of African Affairs, MoFA, China, Wu Peng.

Mr Wu Peng wondered which projects in Africa have been confiscated by China as is the narrative that the country is setting poor African countries in a debt trap to take over these nation’s assets.

Wu Jianghao, Assistant Minister of Foreign Affairs, China, also said that the loans from the West are classified as assistance for development while those of China are referred to as a debt trap.

China says that this is a notion being spread by the West with ill intentions to disrupt the good relationship between Africa and China.

This follows numerous reports showing how China is set to take over most of the strategic assets of African countries in case they fail to pay off the huge loans borrowed from her.

In Uganda, news has been all over how the communist country is set to soon take control of Entebbe airport.

Uganda government borrowed about $325 million dollars for the expansion of Entebbe airport in 2015.

However years later, Uganda Civil Aviation Authority complained about the loan agreement that had been signed with Exim Bank China.

This hugely placed Uganda in the hands of China and Beijing could assume control of the airport.

Despite appeals for the deal to be renegotiated, Exim Bank is still dragging it’s feet.

The government has however said that there is nothing to worry about as it has everything under control.

Related posts

Pictorial: Besigye arrested as he tries to resume city protests

Sigmund Ainembabazi

Gen Muhoozi Kainerugaba’s birthday is open to the public- Muhoozi’s uncle Toyota says

Sigmund Ainembabazi

NUP Distances Itself From Lumbuye

Sigmund Ainembabazi

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More