History

Rwanda Mountain Tea Ltd is an investor in tea plantations and tea processing facilities. In August 2006, the Government of Rwanda under the privatization policy sold to Rwanda Mountain Tea controlling shares (90 %) of two tea estates of Nyabihu and Rubaya – both in the North Western region of Rwanda.

The other 10% is owned by out-grower tea farmers. Again in 2009, still in the privatization process, Rwanda Mountain Tea acquired 60 % shares in Kitabi Tea Company (in the Southern region).

Then in 2010, still in the privatization exercise, Rwanda Mountain Tea in a consortium with an Indian company – Jay Shree Tea & Industries Ltd - successfully bid for 60% shareholding in two companies of Gisakura Tea Company & Mata Tea Company in the South West of Rwanda. Rwanda Mountain Tea not only owns the referenced shares, but also has management contracts with Rubaya – Nyabihu Tea Company, the company under which Rubaya and Nyabihu tea estates operates; and Kitabi Tea Company, the producer of the Kitabi tea mark.

The objective of the privatization process is to reinforce the tea sector by encouraging private investments that would bring in the needed expertise towards improving competitiveness of Rwanda teas in the global market. Rwanda Mountain Tea also has majority shares in a packaging plant – Rwanda Tea Packers – that sells packaged Rwanda teas mostly to local markets.