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Malawi: Chakwera Hails Bakhresa Oil Refinery As a Game Changer for Malawi's Economy

Summary by allAfrica
President Lazarus Chakwera has declared the official commissioning of the Bakhresa Soya Extraction and Vegetable Oil Refinery a major turning point for Malawi's economic future--hailing it as a bold endorsement of his administration's push to create a conducive environment for domestic manufacturing and investment.

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Tanzania's billionaire Said Bakhresa inaugurated a brand new soy plant on Wednesday, July 9, 2025. With an investment of $100 million, it is one of the largest industrial projects ever launched in Malawi. In Malawi, the inauguration of a $100 million soy plant allows the country to pass a new course. The initiative led by Tanzania's billionaire Said Bakhresa, founder of the Bakhresa Group conglomerate, is located in Blantyre, the country's econo…

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Times Malawi broke the news in Malawi on Wednesday, July 9, 2025.
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