China–Uganda relations

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China-Uganda relations

Uganda

China

People's Republic of China – Uganda relations were established in 1962. Trade between the two countries was worth over US$400 million in 2011. The Ambassador of Uganda in China is Madibo Charles Wagidoso.[1]

Economic relations[edit]

By the end of 2011 over 265 Chinese companies had opened business worth US$ 596 million (about Shs 1.5 trillion) in Uganda. Creating over 28,000 jobs in sectors from petroleum, agriculture to infrastructure development and others. Among these is the oil company CNOOC, which early in 2012 acquired one third of the exploitation of Uganda's oil in the Albertine region of Uganda and will be involved in the construction of an oil refinery in the country.

Chinese development finance to Uganda[edit]

From 2000 to 2011, there are approximately 54 Chinese official development finance projects identified in Uganda through various media reports.[2] These projects range from a 350 million USD concessional loan from China's Exim Bank for the construction of a toll road from Entebbe Airport to the capital Kampala,[3] to a loan for e-governance and national backbone infrastructure,[4] and 50 million USD debt relief in 2001.[5]

References[edit]

  1. ^ Xu Xiao (2012-07-04). "Uganda welcomes Chinese investment". China Daily. Retrieved 2012-07-19. 
  2. ^ Austin Strange, Bradley C. Parks, Michael J. Tierney, Andreas Fuchs, Axel Dreher, and Vijaya Ramachandran. 2013. China’s Development Finance to Africa: A Media-Based Approach to Data Collection. CGD Working Paper 323. Washington DC: Center for Global Development.http://china.aiddata.org
  3. ^ Strange, Parks, Tierney, Fuchs, Dreher, and Ramachandran, China’s Development Finance to Africa: A Media-Based Approach to Data Collection.http://aiddatachina.org/projects/14235
  4. ^ Strange, Parks, Tierney, Fuchs, Dreher, and Ramachandran, China’s Development Finance to Africa: A Media-Based Approach to Data Collection.http://aiddatachina.org/projects/12253
  5. ^ Strange, Parks, Tierney, Fuchs, Dreher, and Ramachandran, China’s Development Finance to Africa: A Media-Based Approach to Data Collection.http://aiddatachina.org/projects/2495