{UAH} Sierra Leone has cancelled a $400m (£304m) Chinese-funded project to build a new airport
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6:06 AM |
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Sierra Leone has cancelled a $400m (£304m) Chinese-funded project to build a new airport outside the capital Freetown.
Former President Ernest Bai Koroma signed the loan agreement with China before he lost elections in March.
At the time, the World Bank and the IMF warned that the project would impose a heavy debt burden.
The decision comes amid concern that many African countries risk defaulting on their debts to China.
https://www.bbc.co.uk/news/world-africa-45809810?SThisFB&fbclid=IwAR3abRHJ0KZxUY-K-efxGG6qvWkuxP-3B-Y1LV352zw_nX9t9A4pNVgj30U
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-- Former President Ernest Bai Koroma signed the loan agreement with China before he lost elections in March.
At the time, the World Bank and the IMF warned that the project would impose a heavy debt burden.
The decision comes amid concern that many African countries risk defaulting on their debts to China.
https://www.bbc.co.uk/news/world-africa-45809810?SThisFB&fbclid=IwAR3abRHJ0KZxUY-K-efxGG6qvWkuxP-3B-Y1LV352zw_nX9t9A4pNVgj30U
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Rehema
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Patriot in Kampala,East Africa:UMBS is a registered organization devoted to matters of interest to Muslims in Uganda.Muslims from other countries are welcome to join us too. Follow us on Twitter at: http://twitter.com/#!/UMBSFORUM. To donate to UMBS activities, click on: http://um-bs.com/donate/ or just deposit money on UMBS Bank A/C at Bank of Africa:07074320002 .
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