China puts the brakes on African lending
A 20-year lending spree has made Beijing the mineral-rich continent’s largest source of development finance but the pandemic means default risks are rising.
Source: afr.com
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China applies brakes to Africa lending - JusticeNewsFlash.com
October 28 was a bad day for Ugandan finance minister Matia Kasaija. Hauled into parliament and grilled over the terms of a $200m Chinese loan for the
Source: justicenewsflash.com
Ugandan farmers whose land will soon become a crude oil pipeline pathway lose years of livelihood
NationofChange Ugandan farmers whose land will soon become a crude oil pipeline pathway lose years of livelihood After years of uncertainty, communities are demanding proper compensation from major oil companies who will soon begin construction of a major pipeline through their land. Image Credit: Thomson Reuters Foundation/Isaac Kasamani Three years ago, Alfred Okumu Weki’s land was identified for acquisition by multinational oil companies and the Ugandan government to pave way for new oil infrastructure in the Albertine region of Western Uganda where major oil reserves were...
Source: nationofchange.org