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@matookerepublic Thu, 07 Dec 2023 11:56:10

After government bails Bitature out of Shs244bn loan, Absa now demands Shs50bn for loan he took for Eletromaxx, the same company he offered government for relief

Embattled businessman Patrick Bitature is entangled in another hefty legal battle, this time with Absa Bank over a Shs50bn ($13.6m) loan. Interestingly, the dispute is over Electromaxx, a thermal power plant with which Bitature recently entered a deal with government to bail him out over Shs244bn he owed to a South African lender. The bailout […]

The post After government bails Bitature out of Shs244bn loan, Absa now demands Shs50bn for loan he took for Eletromaxx, the same company he offered government for relief appeared first on Matooke Republic.

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