The attorney general, Kiryowa Kiwanuka has today refuted allegations that the government of china has taken over the administration of Entebbe airport due to the failure of Ugandan government to pay the debt amounting to $200m.
While appearing before the parliamentary committee on commissions statutory authorities and state enterprises (COSASE) chaired by Nakawa west MP Joel Ssenyonyi, Kiryowa noted that Uganda is still in time frame of the loan.
Kiryowa told the committee that Uganda got a loan from china through the Exim bank of china on 31st March 2015 and it had a gross period of seven years which means Uganda is supposed to start paying its loan on 1st April 2022.
Earlier this week, the minister of Finance Matia Kasaija, told the same committee that Uganda made a mistake to sign a loan with unfavorable conditions which is the reason it’s grappling with it.
Kasaija, admitted that the loan which he signed was bad because it gave China a lot of control.
Government has previously sent teams to negotiate with China to change the terms of the loan, which China has declined.