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Uganda’s Finance Minister Matia Kasaija apologized to parliament final week for the mishandling of the $207 million mortgage from the China Exim Financial institution to broaden Entebbe Worldwide Airport.
“I apologize that we shouldn’t have accepted a few of the clauses,” Kasaija instructed members of the committee in response to the query over the rate of interest that was set by the China Exim Financial institution for the funds positioned in an off-shore Normal Checking account that was used as collateral for the undertaking.
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