Tanzanian billionaire adds Malawi soap factory after $100m plant

Tanzanian billionaire adds Malawi soap factory after $100m plant

Barely seven months after launching a $100 million soya extraction and vegetable oil refinery in Blantyre, Malawi’s main commercial city, Tanzanian billionaire Said Bakhresa is deepening his bet on the country’s manufacturing sector with a new soap production facility. The project, under Bakhresa Malawi Limited, reflects Bakhresa’s broader effort to broaden his companies’ activities in Southern Africa. Said Bakhresa, 77, is known across East Afr…

Bakhresa Fuels Growth with Strategic Investment in Malawi's Hygiene Sector

Key Business Points Investor uncertainty surrounding the new capital gains tax may deter investment in Malawi’s capital market, as investors are unclear on how the tax will be calculated and […] The post Bakhresa Fuels Growth with Strategic Investment in Malawi’s Hygiene Sector appeared first on Business Malawi.