Embattled businessman Patrick Bitature has come out to second his sincere apologies to his colleague and long time friend Sudhir Ruparelia. This follows a social media campaign in which Sudhir had been depicted complicit in Bitature’s current financial woes. In the past weeks, the local press clearly showed that Sudhir has a hand in what…
The Commercial Court in Kampala has dismissed an appeal filed by Businessman Patrick Bitature seeking protection from being sued directly by South African firm Vantage Mezzanine Fund II partnership in a bid to recover a $10m loan it extended to the businessman eight years ago. Bitature alongside his companies; Simba properties Co. Ltd, Simba telecom…
Patrick Baguma Bitature, one of Uganda’s key local investors, needs our fervent prayers. A ten million United States dollar ($10m) debt he took from the mezzanine capital providers based in South Africa is threatening to wipe out his entire business empire. The tragedy is that the debt is now a little shy of hitting a…
