Taxpayers Cover Businessman Bitature’s Debts

In a move that reeks of privilege and questionable decision-making, the government has given the green light to bail out Patrick Bitature, a businessman, with your hard-earned money. This controversial process involves the acquisition of the Electromax power plant in Tororo.

The story begins with a hefty $66 million bill hanging over Bitature’s head, courtesy of the International Chamber of Commerce Court of Arbitration in London. Bitature, his wife Carol Nzaro, and their four companies owe this staggering sum to South African lender Vantage Mezzanine Fund.

So, what’s Bitature’s grand solution to this mess? He proposed to the government that they should take over his Electromax power plant. In response, an audit process by the Auditor General was set in motion, raising more questions than answers.

On Thursday, the Minister of Finance, Matia Kasaija, dropped a vague confirmation that the government had indeed signed a Memorandum of Understanding with Bitature. But don’t expect many details because he kept those under wraps, leaving the public in the dark.

Rumors are circulating, suggesting that the deal was brokered by State Minister for Investment Evelyn Anite, but she neither confirms nor denies her involvement. It’s a dubious situation, and taxpayers are left footing the bill for Bitature’s financial woes.