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Competing Against Chinese Loans, U.S. Companies Face Long Odds

January 13, 2019 nytimes Leave a Comment

Sections SEARCH Skip to content Skip to site index Africa Subscribe Log In Log In Today’s Paper Africa | Competing Against Chinese Loans, U.S. Companies Face Long Odds Supported by ByEdward Wong Jan. 13, 2019 KAMPALA, Uganda — Growing up in suburban Ohio, Rajakumari Jandhyala never imagined she would end up in the oil business, much less on the front line of America’s global competition with China. She spent two decades as a policy adviser on Africa, most recently as an aid official in the Obama administration. But in 2016, she heard about a call for proposals to build an oil refinery in Uganda that could be the largest in East Africa, and she put together a bid. She landed an investor in Kenya. She recruited oil and gas executives from General Electric. An Italian contractor joined the group of companies that formed a consortium, too. The main problem was the big advantages enjoyed by the … [Read more...] about Competing Against Chinese Loans, U.S. Companies Face Long Odds

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