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Kampala; Uganda: Uganda hopes to secure an $8 billion (Sh710 billion) loan from China to build a railway network to revamp the country’s transport infrastructure as it prepares to start oil production.
As in other areas of Sub-Saharan Africa, China has become a major investor in Uganda. It has mostly channeled funds into roads, hydro power dams, fibre optic cable networks and other infrastructure, usually offering cheap loans.
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