Patrick Bitature Biography
1. Who is Patrick Bitature?
Patrick Bitature is a Ugandan business
magnate. He is the Founder and Chairman of Simba Group of Companies He is one
of the Top 5 Wealthiest Men in Uganda with an estimated net worth of US $600
million.
2. When was Patrick Bitature born?
Patrick Bitature was on May 10, 1960 in
Fort Portal in Western Uganda. He lived in Foort Portal throughout his
childhood starting his early childhood education, before moving to Jinja for
High school education.
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| Patrick Bitature at Conference |
3. What is Patrick Bitature tribe?
Patrick Bitature’s tribe is a Mutooro from
the Toro Tribe in Western Uganda. He was born in Toro Kingdom in the Fort
Portal the Uganda Tourism City where he lived and grew up throughout his
Childhood.
4. What is Patrick Bitature education
Background?
Patrick Bitature studied from Namasagali
College where he finished his O level education before joining Nyakasura School
in Toro Kingdom where he received his Uganda Advanced Certificate of Education.
He graduate from Institute of Charted Secretaries and administrators. He was
awarded his doctorate Degree by the United Graduate College and Seminary
International in North Carolina.
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5. How did Patrick Bitature become rich?
Patrick Bitature got his Wealth from the Various companies, in Uganda which he
started under his Flagship Company and organization Simba Group of Companies
which he started while still in his youth days in 1998 when he opened his
company officially in registration.
6. What was Patrick Bitature $10 million loan
2022 case and saga?
Patrick Bitature was involved in a Loan
Saga with Vantage Capital. Simba Group signed a Mezzanine Term Facility
Agreement of us $10,000,000 which was later delayed to be paid by Simba due to
some reasons in ACTIVITES WHICH LED TO Vantage suing Simba Group for failure of
payment due to High interest rates increased by the company. Simba later took
matters to court to seek for help against Vantage failure to reconcile.
7. Who are Patrick Bitature children?
Patrick Bitature has four children with
Wife Carol including Nataliey Batature, Tailey B Patrick Bitature.
8. Which companies does Patrick Bitature own?
Patrick
Bitature owns various Companies including Simba Telecoms Limited, Kampala Protea
Hotel, Electromaxx Limited which is the Biggest developer in Thermal Power in
Uganda, Simba Diary Farm, Tororo Solar Power Station among other companies
under his Flagship company.
9. Who is Patrick Bitature wife?
Patrick Bitature is married to Wife Carol
Bitature whom he has been with for over 20 years since their marriage and toghter the couple has four children.
10. What is Patrick Bitature net worth?
Patrick Bitature has a net worth of US $600
million making him one of the Top 5 richest men in Uganda. His net worth is
Highly due to his Majority ownership of his Conglomerate Simba Group of
Companies which is estimated at a valuation of 650 million US Dollars in which
he is the majority share Holder.
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