Patrick Bitature Archives – Page 3 of 4

Patrick Bitature, Chairman of the Board speaks during the AGM

Umeme reassures of more investments to drive industrialization

Umeme has reiterated its commitment of driving distribution efficiencies to ensure reliable and affordable electricity supply to support Uganda’s industrialization drive and access to clean energy. Speaking at the 9th Annual General

May 14, 2021

Company News·News & Analysis

Patrick Bitature, Chairman of the Board Umeme, speaks during the Annual General meeting yesterday

Umeme to pay out UGX19.8 billion in dividends after Shareholder Approval

Umeme shareholders have approved a total dividend payout of UGX19.8 billion after endorsing UGX12.2 per ordinary share based on the company’s 2020 performance. The dividend will be paid out on or about

May 7, 2021

Banking & Financial Services·Media & Communication

POATE 2021 is a shot in time for Uganda’s hard-hit tourism sector

By Patrick Bitature The first quarter of 2021 has seen pieces of good news for the economy. Not just Uganda, but as the entire world is just emerging from the chokehold of

April 27, 2021

Thought Leadership

PATRICK BITATURE: A profile of one of Uganda’s foremost tourismpreneurs

Founded in 1998, by Patrick Bitature, Simba Group is a conglomerate of East African companies spanning telecommunications, properties, power generation, agro-business, oil and gas, tourism and social enterprise. Simba Group companies have

April 7, 2021

Lifestyle·The Big Story

Nicolas Terraz, the Total Exploration and Production President for Africa (left ) and Minister of Energy and Mineral Development, Mary-Gorett Kitutu sign the agreement yesterday in Entebbe. Terraz signed on behalf of Total while Kitutu signed on behalf of the Ugandan government. Courtesy photo

Ugandans welcome Government-Total Key Oil Pipeline Agreement

Ugandans have come out to support the government’s move of signing ofthe Host Government Agreement (HGA) for the East Africa Crude Oil Pipeline (EACOP) project with Total. The ceremony took place yesterday

September 12, 2020

The Big Story

Umeme Limited Board Chairman Patrick Bitature appreciated staff and contractors who are still delivering services even during these hard times

COVID-19: UMEME’s half year gross profit drops by 22 percent

Uganda’s biggest power distributor UMEME Limited has announced its half year financial statements for the six months ended 30th June 2020 indicating a reduction in gross profit by 22 percent to UGX232

August 18, 2020

Banking & Financial Services·Company News

DOUBLE WIN: Fresh from an honorary doctoral award, Dr. Nataliey Bitature is appointed Managing Director of Simba Group hotels division

Following three and a half years of tutelage under her father’s wings, as Chief of Staff of the Simba Group, Dr. Nataliey Bitature has effective this month, January 2020 been appointed Managing

January 25, 2020

Women In Leadership

LEFT-RIGHT: Umeme Chairman Patrick Bitature, Umeme Managing Director; Selestino Babungi and Stanbic Bank Uganda Managing Director, Patrick Mweheire announce the deal on December 12th 2019 in Kampala

Umeme lands UGX258 billion (USD70m) from IFC, Stanbic, Standard Chartered and Dutch Development Bank for investing in distribution network

Uganda’s electricity distributor, Umeme Limited has secured a USD70m (UGX258 billion) funding to support its planned investments in the electricity distribution network. The International Finance Corporation (IFC) was the lead-arranger in the

December 13, 2019

The Big Story

An Umeme Substation. Umeme says it needs to be allocated significant resources to keep Uganda's power stable

13 POWER CUTS A MONTH: Kiwatule/Najjera residents suffer as Umeme and ERA dilly-dally over $3.5m investment into Ntinda Substation

Resident of Kigowa, Kiwatule, Buwate and Najjera 1 & 2 between August and October 2019 suffered up to 13 power cuts each month- an average of 1 power cut every three days

November 27, 2019

The Big Story

World Bank’s IFC considering USD70 million loan to Umeme

The International Finance Corporation (IFC) the largest global development institution and a member of the World Bank Group, has reported, they are considering lending up to USD 70 million (UGX263.2 billion) to Umeme

June 17, 2019

Banking & Financial Services·Company News·The Big Story

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