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Tag Archives: Bitature

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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Umeme’s licence renewal

BOD Chairman Patrick Bitature says negotiations to be concluded before end of year Kampala, Uganda | JULIUS BUSINGE | Patrick Bitature is a top businessman and entrepreneur in Uganda with interests in the energy, telecommunication, real estate, mining and hospitality sectors. He has earned respect by chairing boards of several …

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‘Inspired by Bitature’ book launch set for Protea

Kampala, Uganda | THE INDEPENDENT | The much anticipated launch of a book about Ugandan businessman, entrepreneur and philanthropist Patrick Bitature at Protea Hotel on Saturday afternoon is expected to attract leading names in East African politics and business. “Inspired By Bitature” is a book that has been published on the business …

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