Foreign News
China Takes Over Ugandan Airport, Other Country’s Assets Over $207million Loan Deal
This came despite reports that President Yoweri Museveni had sent a delegation to Beijing for a renegotiation with the Chinese government over toxic clauses that exposed the East African country.
The Museveni-led Ugandan government had on Tuesday, 17 November 2015, signed an agreement with 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, but it had now appeared that the transaction signed with the Chinese lenders practically means Uganda “surrendered” its most prominent and only international airport.
The Uganda Civil Aviation Authority (UCAA) revealed some provisions in the Financing Agreement with China that exposed Entebbe International Airport and other Ugandan assets to be attached and taken over by Chinese lenders upon negotiation in Beijing.
Uganda, however, sought to renegotiate the deal but the latest visits and pleas to alter the original terms with Chinese authorities were declined.
According to the Daily Monitor, the Ugandan government waived international immunity in the agreement it signed to secure the loans, exposing Entebbe International Airport to take over without international protection.
In desperation, Uganda in March 2021 sent a delegation to Beijing hoping to renegotiate the toxic clauses of the deal but the officials came back empty-handed as China would not allow the terms of the original deal to be varied.
Last week, Uganda’s Finance Minister, Matia Kasaija, apologised to parliament for the “mishandling of the $207 million loan” from the China Exim Bank to expand Entebbe International Airport.
Progress of works at the airport, built in 1972, has reached 75.2 per cent, with two runways having reached overall completion of 100 per cent.
Entebbe International Airport is Uganda’s only international airport and handles over 1.9 million passengers per year. Its seizure by China would greatly dent the legacy of the 77-year-old Museveni, who came to power on the back of an armed uprising in 1986, and expose him to election defeat.Naija360
Foreign News
UN Condemns Hospital Attack in Ukraine
UN humanitarians on Monday condemned Russian attacks on Sumy city in the northeast of Ukraine over the weekend that damaged a hospital.
Matthias Schmale, the top UN aid official in Ukraine, said that the Russian military strikes killed and injured several people. He insisted that health centres must not be targeted.
Local officials reported that nine had been killed in the twin drone strikes on the northeastern city close to the Russian border, with 12 injured and more than 120 evacuated for their own safety.
Schmale’s comments came amid continuing violence on Monday, including a reported wave of drone attacks on Kyiv and protective air defence manoeuvres launched in response, according to the Ukraine military.
Outside the capital, media indicated explosions as Russia launched drone and guided bombs attack on Zaporizhzhia that damaged railways and buildings, while in Russia, Ukrainian armed forces reportedly shelled the Belgorod region.
Meanwhile, authorities in Algeria were on Monday urged by top independent human rights experts to reverse a prison sentence handed down to a poet for supporting widespread protests against the Government.
Djamila Bentouis received a two-year prison sentence and 100,000 Algerian dinars fine (worth around $750) for participating in the Hirak social protest movement via her songs and poetry recitals.
Initial charges levelled against Bentouis accused her of belonging to a terrorist entity.
The Hirak demonstrations began in February 2019 – initially against President Abdelaziz Bouteflika – but evolved into demands for political reforms and other freedoms.
The independent experts who include Alexandra Xanthaki, Special Rapporteur in the field of cultural rights, said that the criminal charges against Ms. Bentouis appeared “directly linked” to her wish to exercise her right to freedom of expression.
The experts – who are not UN staff and receive no salary for their work – also expressed their hope that Algeria “will abide by its international obligations to guarantee the right to freedom of expression” when the appeals court considers the case on Wednesday. (NAN)
Foreign News
20 Dead after Hurricane Helene Slams into South-east U.S.
At least 20 people died after Hurricane Helene slammed into the south-eastern United States as a dangerous Category 4 storm, before later weakening to a tropical depression by Friday afternoon.The deaths were reported in US media across the states of Georgia, North Carolina, South Carolina and Florida.
The governor of Georgia said at least 11 people had died in his state. Around 3 million people were without power across those states and beyond, with houses destroyed and entire communities flooded. There were fears that many people could still be trapped under collapsed and damaged buildings. Many roads across the region were not passable.The National Weather Service said Helene made landfall on the west coast of Florida as a Category 4 hurricane – the second highest category – but then began losing steam.The service had warned of “historic and catastrophic flooding,” and in some places on Friday the water was about 5 metres high. There were also threats of mudslides due to the extreme rain.Many victims were killed or injured by falling trees, while others died in their cars. In Florida, a woman drowned in her home, CNN reported.In North Carolina, authorities warned that a dam could break and urged nearby residents to move to safety.After pummelling the south-east, it began moving over the Appalachian mountains and affecting states like Tennessee and Virginia.Helene had already caused flooding and power outages in Cuba as it barrelled toward the U.S. (dpa /NAN)Foreign News
IMF Approves $7bn Bailout for Debt-ridden Pakistan
The International Monetary Fund (IMF) has approved a $7billion loan to cash-strapped Pakistan, as the fragile economy of the South Asian nation grapples with deepening economic troubles.The executive board of the IMF approved a 37-month extended arrangement under the Extended Fund Facility (EFF) for Pakistan.
The fund’s immediate disbursement would be about one billion U. S. dollars, the IMF said in a statement on Thursday. The Prime Minister’s office said that the first tranche of nearly $1.1 billion U.S. would be released immediately.Pakistan has approached the global lender 24 times since 1958 as successive governments failed to break the cycle of economic mismanagement and reliance on external aid.The IMF statement also said that Pakistan’s vulnerabilities and structural challenges remain formidable.Prime Minister Shehbaz Sharif welcomed the development: “After achieving economic stability, we will continue to work hard to meet our targets for economic growth.”“If the same hard work continues, God willing, this will be Pakistan’s last IMF programme,” Sharif said in a statement.Sharif’s team started the groundwork soon after the February elections and reached staff-level agreement with IMF in July.His government is facing criticism after the imposition of heavy taxes on the salaried class and increasing the electricity prices.The tough and unpopular decisions taken in line with the IMF’s preconditions have substantially eroded public support for the government.Critics, especially from the opposition led by former prime minister Imran Khan, blame Sharif for making the economic situation worse.The government argues that it inherited the crisis from Khan’s administration, whose policies had left the economy on the brink of collapse. (dpa/NAN)