Local business enterprise Mulli Brothers Limited (MBL) Holdings has revealed plans to establish blending plants for his Chombe Tea Company in Nigeria and Egypt.
MBL Holdings group managing director Leston Mulli said this after an audience that he had with Afrexim Bank president Benedict Oramah during the Intra-African Trade Fair (IATF) which was taking place in Cairo, Egypt.
The local business mogul said the engagement he had with Oramah has signaled an opportunity for growth and a chance to expose the Malawi production industry’s potential to the outside world during a time when the country is reeling with forex challenges.
“The expansion will provide an opportunity for Chombe Tea as a product to be available to a wider platform thereby adding value to the economic development of Malawi. To make a meaningful contribution to the economy, we need to be thinking beyond the local markets with our enterprises,” he said
The IATF is an initiative that supports the implementation of the African Continental Free Trade Area (AfCFTA). The event is organised by Afrexim Bank in collaboration with the African Union and AfCFTA Secretariat.