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| African nation turns to China after West halts funding over anti-gay law | African nation turns to China after West halts funding over anti-gay law |
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| Uganda wants to borrow $150 million to expand its internet infrastructure | Uganda wants to borrow $150 million to expand its internet infrastructure |
| Uganda is seeking a loan from China after the World Bank stopped funding due to the country’s adoption of an anti-homosexuality law, Reuters has reported. | Uganda is seeking a loan from China after the World Bank stopped funding due to the country’s adoption of an anti-homosexuality law, Reuters has reported. |
| The East African country wants to borrow $150 million from China’s Export Import Bank (Exim) to help develop its internet infrastructure, the news agency said, citing Uganda’s Finance Ministry. | The East African country wants to borrow $150 million from China’s Export Import Bank (Exim) to help develop its internet infrastructure, the news agency said, citing Uganda’s Finance Ministry. |
| A junior finance minister and the minister for information asked lawmakers on Monday to authorize the debt, the ministry wrote on X (formerly Twitter). | A junior finance minister and the minister for information asked lawmakers on Monday to authorize the debt, the ministry wrote on X (formerly Twitter). |
| The move reflects Kampala’s increasing reliance on Chinese lenders, after the World Bank suspended all new funding programs to Uganda in August. | |
| The Washington-based institution, one of Uganda’s major lenders, made the decision after President Yoweri Museveni signed the Anti-Homosexuality Act. | |
| Western critics have noted that the new law makes “aggravated homosexuality” a capital offense and imposes penalties of up to life in prison for consensual same-sex relations. | Western critics have noted that the new law makes “aggravated homosexuality” a capital offense and imposes penalties of up to life in prison for consensual same-sex relations. |
| According to the ministry, the loan from Exim will finance the “supply, installation, commissioning and support of the national data transmission backbone infrastructure.” | According to the ministry, the loan from Exim will finance the “supply, installation, commissioning and support of the national data transmission backbone infrastructure.” |
| Uganda previously borrowed $200 million from China to expand the country’s main airport in Entebbe. | Uganda previously borrowed $200 million from China to expand the country’s main airport in Entebbe. |
| It is also in talks with Exim and Chinese export credit agency Sinosure for another loan to finance the construction of a pipeline to help the country export crude oil to international markets. | It is also in talks with Exim and Chinese export credit agency Sinosure for another loan to finance the construction of a pipeline to help the country export crude oil to international markets. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |