Business 8 October 2026 Daily Monitor (Uganda)

Igara Tea: A 57-Year Legacy Drowned in Debt and Boardroom Strife

Once a cornerstone of Bushenyi's economy and a provider for thousands, Igara Tea is now grappling with severe debt and internal conflicts, threatening its very existence. Source: https://www.monitor.co.ug/uganda/business/markets/igara-tea-how-bushenyi-s-economic-giant-sank-into-debt-boardroom-wars--5624582

For nearly six decades, Igara Tea Company in Bushenyi District has been more than just a business; it has been a lifeline for countless families and a significant economic engine for the region. Established in 1966, the company has a rich history of supporting agricultural livelihoods through tea cultivation and processing.

However, this 57-year legacy is now under severe threat. Igara Tea finds itself in a precarious financial position, burdened by substantial debt that has cast a shadow over its operations. This financial strain has inevitably led to significant challenges in maintaining its workforce and fulfilling its economic obligations.

The company’s woes extend beyond financial difficulties, as it is reportedly embroiled in intense boardroom wars. These internal conflicts are said to be exacerbating the existing problems, hindering any potential recovery efforts and creating an environment of instability. The culmination of debt and internal disputes has pushed Igara Tea to the brink, raising serious concerns about its future and the livelihoods it sustains.

The situation at Igara Tea highlights the complex interplay of economic pressures and corporate governance. As the company faces these unprecedented challenges, the community and stakeholders are watching closely, hoping for a resolution that can salvage this vital economic institution. The path forward appears uncertain, demanding decisive action to address both the financial crisis and the internal strife.