MZUZU (MalawiTalk) – Bakhresa Malawi Limited has announced plans to close ,one of its soap manufacturing company in Mzuzu. .
In a memo dated 29 March, the company says it will start retrenching some of it’s employee’s as they plan to complete shut down by 30 April 2021.
This could be blow to the ‘Best Buy Malaw’i initiative which was announced by President Dr Lazarus Chakwera last week.
Many companies has been struggling lately due to adverse economic conditions in Malawi.
The situation will also put the 1 million job creation campaign pledge by the Tonse Alliance government in jeopardy.