Thu, 14 May 2026

 

Meet your African CEO - Said Salim
 
By:
Sat, 27 Oct 2018   ||   Nigeria,
 

Said Salim is an extremely reclusive business tycoon with a net worth of $520 million. He is the founder and the chairperson of the Bakhresa Group Of Companies. A man of humble beginning, his first stint in the business was as a potato mix salesperson after which he got involved as a restaurant operator in the 1970.

Now, 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, logistics, media, oil trading, recycling and packaging.

His Azam brand is considered Tanzania’s most successful chocolate and ice cream manufacturing venture. Its daily capacity alone 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. He also launched Azam TV, a pay TV service for East Africa. Four of his sons serve as executive directors in the company.

He created a business empire within a span of three decades.  He is the mastermind behind the success of all the businesses. His vision and excellent managerial skills contributed to the growth of this group to great heights within a short period. His Group is now a conglomerate of various companies and is the largest milling company in East Africa with operations in Tanzania and five other countries.

The group’s Azam brand is the most popular manufacturer of chocolates and ice cream in the region.The Azam brand is Bakhresa’s most successful chocolate and ice cream manufacturer in Tanzania.

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.

 

Tag(s):
 
 
Back to News