Kampala — Uganda said on Tuesday it would borrow up to $118m from a Chinese lender to fund construction of three roads that are key to plans to begin oil production in the East African country.
Uganda has received large credit lines from China in recent years as part of the Asian giant’s “Belt and Road Initiative” focused on infrastructure development and investment projects across Asia, Europe and Africa. However, US officials have been critical of Belt and Road lending, which they say can leave countries with excessive debt...
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