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The past five years have not gone particularly well for Uganda’s billionaire class. Once the undisputed symbols of local enterprise and ambition, several of the country’s most prominent businessmen have found themselves entangled in complex financial and legal battles — most of them involving commercial banks and cross-border lenders. Among them, Hamis Kiggundu, the property and retail magnate behind Ham Enterprises, waged one of Uganda’s most closely watched banking disputes. His companies owed USD 4,014,444 to Diamond Trust Bank Uganda and USD 6,974,600 to Diamond Trust Bank Kenya — a combined USD 10.99 million (approximately UGX 40 billion) in credit…
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Uganda’s Court of Appeal has today handed down a string of rulings that deepened the legal troubles of businessman Patrick Bitature and his Simba Group, while significantly strengthening the hand…
The Court of Appeal has handed South African lender Vantage Mezzanine Fund II a decisive legal victory in its high-profile dispute with Ugandan businessman Patrick Bitature and his Simba Group…
In May 1995, Celtel hit the ground running with the launch of the first mobile phone in Uganda, a rare opportunity in the country’s history that has gone on to transform generations and inspire innovations. What began as a definition of class and luxury quickly transformed into a necessity that sparked a quiet revolution, altering Uganda in numerous ways. And 30 years later, no one could have guessed the diversification of opportunities and services that have come with the mobile phone. Today, the landscape of the telecommunications sector has become dynamic and increasingly shaped by the visionary leadership and technical…
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Simba Group Founder, Chairman & Chief Executive Officer, Dr. Patrick Bitature has been named Entrepreneur of the Year at the just-ended African Tourism Leadership Forum, held in Gaborone, Botswana. The multi-sectoral entrepreneur was recognised for “showing tremendous entrepreneurship impact in Africa’s hospitality industry”, according to a statement released by the Group. The Africa Tourism Leadership Forum (ATLF) is a Pan-African dialogue platform that brings together key stakeholders of Africa’s travel, tourism, hospitality, and aviation sectors to network, share insights, and devise strategies for intra-Africa travel and tourism growth across the continent, whilst enhancing the brand equity of “Destination Africa’’. The…
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Businessman, Patrick Bitature, the CEO and Founder of the Simba Group of Companies, has spoken out about the ongoing commercial dispute between some of the Group Companies and a South African mezzanine financier, saying the issues are being addressed appropriately and that the mentioned companies remain open for business. This is the first direct statement by the billionaire businessman, since a public-auction advert appeared in one of the dailies, purporting to put properties belonging to some Simba Group subsidiaries up for sale, upon instructions by a one, Kirunda & Wasige Advocates. Apparently, the law firm was acting on behalf of…
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Simba Properties Investment Co. Ltd has broken silence over a public auction advert that appeared in the Daily Monitor today, purporting to put up its properties for sale, dismissing the advert as a “malicious illegality”, an “abuse of the court process” as well as a “misguided and unprofessional conduct” by the bailiffs/auctioneers and the lawyers for whom they purport to represent. The group has advised its stakeholders and the public to ignore the said impugned advert. In a public notice, issued on the company’s behalf, by its lawyers, M/S Muwema & Co Advocates, Simba Properties Investment Co. Ltd warns “anyone…
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This morning, a copy of an advert in one of the newspapers, made and is making several rounds on various social media channels, especially WhatsApp. The advert, by Quickway Auctioneers & Court Bailiffs titled: Sale by Public Auction/Private Treaty reads: “Duly instructed by M/S Kirunda & Wasige Advocates, on behalf of their client, the registered mortgagee, we shall proceed to sell by public auction/private treaty, the undermentioned property, under the Mortgage Act, 2009, unless the debtor, mortgagor pays the entire outstanding loan balance and all costs attendant to our clients, within 30 days from the date of this advert, our…
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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 Director of the hotels division of Simba Group. Simba Group is a hospitality; media/communications, agriculture, energy and real estate conglomerate, founded by billionaire entrepreneur, Patrick Bitature. The hotels division is composed of Protea Hotel by Marriott Kampala- a 70-roomed four-star hotel in the leafy Kololo suburbs and Protea Hotel by Marriott Kampala Skyz- a 141-roomed four-star hotel atop NAguru Hill, another affluent Kampala suburbs. Some of the other…
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Nataliey Bitature, the Chief of Staff of Uganda’s Simba Group, a conglomerate of companies spanning the hospitality, energy, telecom, and real estate sectors will later this month be awarded an honorary Doctor of Science by United Kingdom’s Keele University, in recognition of her social entrepreneurship works. Keele University was ranked number one (public universities) in England for overall student satisfaction in the 2018 National Student Survey (NSS) done by the Office for Students, England’s independent regulator of higher education. According to a statement on the University’s website and twitter, Ms Nataliey who is described as a “Social entrepreneur and one…
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