Saturday, February 11, 2017

Said Salim Bakhresa Biography, Net Worth, Companies, House, Children & Contacts.

Said Salim Awadh Bakhresa (born 1949 in Zanzibar), is an extremely reclusive Tanzanian business tycoon.

He is the founder and the chairperson of the Bakhresa Group Of Companies. He is a well-known industrialist in the mainland of Tanzania and island of Zanzibar. With a humble beginning as a small restaurateur in seventies, he created the business empire within a span of three decades.

At the age of 14, he dropped out of school to become a potato mix salesperson and would later go on to become a successful African businessman. Bakhresa Group; is a conglomerate of various companies and is the largest milling company in East Africa with operations in Tanzania and five other countries.

After getting into the potato mix industry, Bakhresa got involved as a restaurant operator in the 1970s and then went into grain milling. Even today, the main products from Bakhresa's company comes from the Kipawa Flour Mill where various rice and grain products are being processed. The neighboring country of Rwanda is dependent on Bakhresa's mill to provide 120,000 tons of wheat flour per year; which is expected to ease pressure of food prices in a country which approximately 52% of households don't have an adequate level of food security. This is a major concern according to the World Bank's Country Assistance Strategy.Bakhresa's projects in Rwanda are also expected to create jobs and help to increase national corporate tax revenues.

His group employs more than 2000 people and is Tanzania's largest conglomerate. Other specialties produced through Bakhresa's conglomerate includes: confectioneries, frozen foods, various kinds of drinks, and packaging. The Azam brand is Bakhresa's most successful chocolate and ice cream manufacturer in Tanzania. While the company is managed by his sons, Bakhresa owns the company itself. Its daily capacity for manufacturing is 2100 metric tons and made sales of $800 million in 2011. Bakhresa's Azam Marine division is providing international tourists with quick ferry services as more people discover Tanzania. In addition to Zanzibar, riders can also experience Lake Victoria and Mount Kilimanjaro.

Forbes 2016: Said Salim Bakhresa Net Worth $650 Million
Mr. Bakhresa is the Chairman of the Bakhresa Group of companies which has interests in grain milling, sea transport, food and drinks, packaging, manufacturing and petroleum. The business man has built his companies for over 30 years. His empire spans over Tanzania, Uganda, Mozambique and Malawi. Mr. Salim is also a renowned philanthropist. He is also a big employer, providing over 3,000 jobs in Tanzania. Salim Bakhresa is reportedly worth $ 650 million and he is the richest man in tanzania.

Said Salim Bakhresa Children;
Khalid Said Salim Bakhresa

Mohamed Said Salim Bakhresa

Yusuf Said Salim Bakhresa

Mariam Salim Bakhresa

Omar Said Salim Bakhresa

Abubakar Said Salim Bakhresa

Bakhresa Contacts:
P.O.Box 2517
Dar Es Salaam, Tanzania
Phone: +255 22 286 1116/7/8
Fax: +255 22 286 1140

Julius K. Nyerere Road, Dar es Salaam, Tanzania
    +255- 713-514351, +255-22-2180194

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