A 100 million US Dollar Oil Factory Commissioned in Malawi

The company has disclosed that it has spent 100 US dollars to set up the factory and it is determined to become the country’s leading oil producer to meet local demand

According to Richard Tchereko, the company’s human resource and compliance manager, the company had met MBS requirements and it received pre-qualification certificate to start production.

Tchereko further said with adequate raw material supply, the company will be producing 500 tonns of soya beans per day which very significant and he has encouraged local farmers to take advantage of the situation by growing and supplying more soya beans to Bakhresa

Business gurus and economic experts have hailed the establishment of the oil company which among other things, will create jobs and save forex as the product will be produced locally using local raw materials.

President Lazarus Chakwera presided over the official opening of the company on Wednesday in Limbe and stressed the need for Malawians to invest in the country

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Chihana Reacts to World Bank Economic Report; Chakwera with Pedestrian Economic Understanding

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Blantyre, Malawi

A 100 million US Dollar Oil Factory Commissioned in Malawi

A Tanzanian conglomerate Bakhresa Malawi Limited has added soya beans oil production to their line of businesses raising a prospect of consumers spending less on cooking oil which saw prices of the commodity soaring in recent years. The company has disclosed that it has spent 100 US dollars to set up the factory and it is determined to become the country’s leading oil producer to meet local demand According to Richard Tchereko, the company’s human resource and compliance manager, the company had met MBS requirements and it received pre-qualification certificate to start production. Tchereko further said with adequate raw material supply, the company will be producing 500 tonns of soya beans per day which very significant and he has encouraged local farmers to take advantage of the situation by growing and supplying more soya beans to Bakhresa Business gurus and economic experts have hailed the establishment of the oil company which among other things, will create jobs and save forex as the product will be produced locally using local raw materials. President Lazarus Chakwera presided over the official opening of the company on Wednesday in Limbe and stressed the need for Malawians to invest in the country

Blantyre, Malawi

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