Tycoon Patrick Bitature returns as Umeme chairman as Ugandan power distributor posts $40.7 million profit
Umeme posted a Sh148.2 billion profit in 2022 and reappointed Dr. Patrick Bitature as board chairman for a third consecutive term.
Patrick Bitature
Ugandan multimillionaire Patrick Bitature gets temporary relief in $10 million loan fight
Uganda’s top court paused enforcement of a $10 million award against businessman Patrick Bitature, giving him temporary relief in his long-running loan dispute.
Patrick Bitature, one of Uganda’s richest men, faces $10 million legal setback
Ugandan tycoon Patrick Bitature faces $10 million legal setback from South Africa’s Vantage Mezzanine Fund II Partnership.
Ugandan tycoon Patrick Bitature suffers another legal defeat against South Africa’s Vantage
Ugandan tycoon Patrick Bitature suffers another legal defeat against South Africa’s Vantage
Ugandan businessman Patrick Bitature faces prosecution over $26-million fraud
If found guilty, the 60-year-old Ugandan businessman and his 56-year-old wife could face severe legal consequences.
Ugandan tycoon Patrick Bitature and Absa Bank clash over $13.6-million loan
The growing number of legal disputes surrounding Bitature has raised concerns about his financial standing.
Kampala court halts bid by struggling Ugandan tycoon to reclaim assets mortgaged to South African creditors
Prior to the recent ruling, the International Chamber of Commerce Court of Arbitration ordered Bitature, his wife, and their companies to pay a total of $65.7 million.
Ugandan gov’t moves to bail tycoon Patrick Bitature by acquiring his $66-million thermal power plant
Bitature sought government assistance after being embroiled in a court battle with a South African lender over a loan repayment.
Struggling Ugandan tycoon Patrick Bitature ordered to pay South African firm $65 million
According to court documents, Bitature has been directed to personally pay $25.4 million as a result of a breach of contract.
Patrick Bitature’s Simba Telecom unveils new tech products, powering Uganda’s digital revolution
Simba Telecom is a Kampala-based telecom enterprise.
Ugandan magnate Patrick Bitature seeks gov’t bailout through power plant sale
Bitature is the group CEO of Simba Group.
Court of Appeal blocks sale of real estate assets owned by Ugandan magnate Patrick Bitature
The decision comes at a crucial time for Bitature.
Ugandan magnate Patrick Bitature loses court bid to block auctioning of prime real estate assets
The ruling implies that the auction of Bitature’s real estate empire can continue.
Bank of Uganda takes interest in $10-million loan dispute between Patrick Bitature, Vantage Capital
Bitature is the founder, chairman, and group CEO of Simba Group, an East African conglomerate.
Ugandan mogul Patrick Bitature, Vantage Capital at odds over $30-million property loan
Bitature is the founder, chairman and group CEO of Simba Group.