Tanzanian billionaire Said Bakhresa opens $100 million soya plant in Malawi
$100 million plant to process 500 tons of soya daily, boost Malawi’s agriculture, and reduce reliance on imported cooking oil.
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$100 million plant to process 500 tons of soya daily, boost Malawi’s agriculture, and reduce reliance on imported cooking oil.
The move is aimed at boosting production and reinforcing the company’s leadership in the regional market.
Tanzania’s Bakhresa Group doubles down on fruit juice production, boosting agriculture and exports.
Bakhresa’s planned investment holds immense significance in enhancing Malawi’s self-sufficiency in cooking oil production.
Bakhresa, one of East Africa’s richest men, started his billion-dollar empire with a humble restaurant selling baked goods.
Bakhresa is one of Africa’s wealthiest men, with an estimated fortune of more than $600 million in 2015.