Uganda to borrow $150 mln from China’s Exim after World Bank halts funding

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A worker is seen near a sign of the Export-Import Bank of China at the venue for the second China International Import Expo (CIIE) in Shanghai, China October 31, 2019. Picture taken October 31, 2019. REUTERS/Stringer/File Photo Acquire Licensing Rights KAMPALA, Nov 27 (Reuters) - Uganda is preparing to borrow $150 million from China's Export Import Bank (Exim) to help expand its internet infrastructure, the finance ministry on Monday. The move underscores the East African country's increasing reliance for credit on Chinese lenders after the World Bank halted all new lending to Uganda earlier this year in protest at a...