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Tag Archives: Bitature

DPP takes over Bitature prosecution in Vantage $26m saga 

Kampala, Uganda | THE INDEPENDENT | The state has this week taken over criminal proceedings against businessman Patrick Bitature and his wife Carol Bitature in a $26m commercial dispute with South African money lender Vantage Mezzanine Fund 11 Partnership. The intervention by the Director of Public Prosecutions (DPP) comes after Kirunda …

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No dividends for Umeme shareholders

The electricity firm H1 profits increased by 33% to Shs64bn Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme, has withheld payment of an interim dividend to its shareholders despite recording a 33% growth in profit after tax to Shs64bn for the six months period ending June.30. The company executives …

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DETAILS: Court rules on Bitature versus Vantage Mezzanine Fund

Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has dismissed with costs an application by Kampala businessman Patrick Bitature for a temporary injunction to restrain his creditors of M/s Vantage Mezzanine Fund II Partnership from selling, alienating, disposing of, taking possession, or any action against his properties.  On May 18, The Daily Monitor newspaper advertised the sale by public …

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FULL JUDGMENT: Bitature vs Vantage

Court throws all costs on lawyer Fred Muwema for misleading client Kampala, Uganda | THE INDEPENDENT | The Commercial Division of the High Court in Kampala has dismissed an application by Ugandan businessman Patrick Bitature  and Simba properties Co. Ltd, Simba telecom, Linda properties and Elgon Terrace seeking a temporary injunction against Vantage …

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Confident Muwema speaks out on Bitature-Vantage saga

NEWS ANALYSIS | THE INDEPENDENT | Fred Muwema, the lawyer for businessman Patrick Bitature says the lenders purportedly seeking to reclaim money lent to the Ugandan, have no claim because they don’t exist. Speaking to Uganda Radio Network in an exclusive interview, Muwema acknowledged that indeed Bitature contracted a loan …

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Uganda’s shadow state

Revealing the networks of people with power Kampala, Uganda | THE INDEPENDENT | In the April 30-07 issue of The Independent, Andrew Mwenda; in his column, wrote an article entitled “Paved with good intentions: How Western interventions in African affairs, even when well intentioned, produce bad results.” In that article, …

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