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WorldUganda intends to borrow $150 million from China to expand its internet

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Uganda intends to borrow $150 million from China to expand its internet

Uganda’s government wants to borrow $150 million from a bank in China to improve the country’s internet.

Uganda’s technology minister and a lower-level money minister talked about their ideas on Monday with a group of lawmakers who focus on the country’s economy.

Uganda is getting more money from China because the World Bank stopped giving them money in August. The World Bank stopped funding because Uganda made a law that many people argue about.

Uganda borrowed $200 million from a Chinese bank to make the Entebbe International Airport bigger.

Some people are saying that the loan is not fair to Uganda and is taking advantage of them.

Uganda is talking to a Chinese agency called Sinosure about getting a loan. They want to use the money to build a $5 billion pipeline. This pipeline will help Uganda export its crude oil to Tanzania.

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