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Tag Archives: Bitature

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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Bitature joins Mulago Hospital board

Mulago to continue charging for specialized services Kampala, Uganda | THE INDEPENDENT | Patients seeking specialized care from Mulago National Specialized hospital will continue paying out of their pockets for drugs and sundries that are not quoted as essential medicines. Mulago Hospital Executive Director Dr Byarugaba Baterana told journalists on Friday …

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Umeme records Shs139bn net profit

Performance is attributed to increase in electricity demand, cost reduction Kampala, Uganda | JULIUS BUSINGE | Shareholders of power distributor, Umeme Limited will not go home with nothing in their Annual General Meeting slated later in the year as the company recorded a slight increase in net profit from Shs132bn …

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Umeme secures $70m for investments in the distribution network

Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distributor, Umeme Limited has secured a $70m (Ushs .258 billion) funding to support its planned investments in the electricity distribution network. The International Finance Corporation (IFC) was the lead-arranger in the syndicate including Stanbic Bank Uganda Limited, Standard Chartered Bank and the …

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Bitature denies evading taxes

Kampala, Uganda | THE INDEPENDENT |  Businessman Patrick Bitature has reacted angrily to reports that his businesses benefited from an offshore arrangement to lower his tax bill in Uganda. Recently, leaked documents from Mauritius showed that Bitature and his company Electro-Maxx Uganda Limited received loans from Africa Frontier 1 LLC, a …

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Stock market boost

More accounts opened as players suggest ways of boosting market activity Kampala, Uganda | JULIUS BUSINGE | There is good news at the Uganda Securities Exchange. The latest market report shows that the number of depository accounts being opened is on the upward trend, signaling a growing interest by the …

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