Tanzanian billionaire Said Bakhresa adds Malawi soap factory after $100 million soya plant
Said Bakhresa is expanding manufacturing in Malawi with a new soap factory, months after launching a 100 million dollar soya plant.
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Said Bakhresa is expanding manufacturing in Malawi with a new soap factory, months after launching a 100 million dollar soya plant.
Bakhresa is pouring $500 million into his flagship soft‑drink plant in Mwandege, doubling capacity and boosting sourcing from 100,000 local farmers.
$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 the founder of Tanzanian conglomerate, Bakhresa Group.