Home » 10 companies owned by Tanzanian multimillionaire Said Bakhresa

10 companies owned by Tanzanian multimillionaire Said Bakhresa

by Feyisayo Ajayi
Said Bakhresa

Said Salim Bakhresa, the multimillionaire behind Tanzania’s behemoth industrial conglomerate Bakhresa Group, has ventured into diverse industries since the 1970s.

Starting with a humble restaurant selling baked goods, he has steered his company to command a significant presence in East and Southern Africa.

Bakhresa Group owns more than 40 different companies spread across numerous sectors. Billionaires.Africa profiles ten of the most profitable businesses owned by the Tanzanian magnate:

Said Salim Bakhresa & Company Limited (SSB)

The flagship of Bakhresa Group, SSB’s operations span grain milling, transport, and an Inland Container Depot. Its acquired mills from Tanzania’s privatization program make it a powerhouse in wheat milling across East Africa. It has a vast transport network and also runs the Azam Inland Container Depot in Dar es Salaam.

Bakhresa Food Products Limited

A titan in Tanzania’s food and beverage sector, it produces and markets the Azam and Uhai brands, which are celebrated for their authentic taste and nutritional integrity.

Azam Bakeries Company Limited (ABCL)

Initially set up to cater to the country’s rising demand for quality bread, ABCL now boasts a range of sweet and savory biscuits, distributing widely in Tanzania and the DRC.

Azam TV

Azam TV offers affordable bouquet packages to cater to diverse audience preferences. Azam TV competes aggressively with South African giant Multichoice in Tanzania’s PayTV market, and they are not doing badly. Azam TV has more than 1.5 million subscribers.

Azam Media

The primary production unit of the group’s Broadcast and Media Division, it produces and airs content across channels operating on various platforms, ensuring a rich mix of entertainment, news, and sports.

Hotel Verde Zanzibar

Launched in January 2020, this hotel aims to amalgamate five-star luxury with sustainable environmental practices, targeting a 5-star accreditation from the Green Building Council of South Africa.

AzamPay Tanzania Limited

A digital revolution in East Africa, AzamPay specializes in crafting comprehensive online payment solutions for businesses.

Azam Marine Limited

Azam Marine is an eminent marine shipping company in Tanzania. It designs premium ferries and facilitates freight and vehicle delivery services between Tanzania’s key ports.

Azam Aviation

Azam Aviation offers charter services with its reliable C208B EX Caravan One aircraft, ensuring delightful aerial experiences over Tanzania’s diverse landscapes

Kilimanjaro Fast Ferries Limited

Kilimanjaro Fast Ferries Limited offers passenger and freight services to regions like Zanzibar, Pemba, and Tanga.

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