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What message does the Chinese takeover of Uganda’s Entebbe Airport send to us?

News Snapshot:

On Tuesday, 17th November 2015, the Ugandan government signed an agreement with the Chinese Export and Import Bank(Exim Bank) to borrow $207 million. The loan had a maturity period of 20 years. Now the country is about to lose one of its strategic assets, it’s only International airport, to the Chinese government. Was this a debt trap? Certainly one would conclude so. For a country like Uganda whose GDP as of 2015 was just above $32 million, China definitely would have predicted that the country would not be able to attest for such a sum of cash over time. But…

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