Ugandan businessman Patrick Bitature, founder and chairman of Simba Group, lost a legal battle after the Court of Appeal ruled that South Africas Vantage Mezzanine Fund II Partnership can enforce a 10 million loan agreement without registering locally.
Court clears Vantage to enforce loan
A three-judge panel overturned a 2022 High Court decision that blocked Vantage from pursuing enforcement in Uganda on the grounds that it wasnt registered under the Partnership Act or the Business Names Registration Act.