the soil to the pan
rooted in the soil of East Africa, Bidco is creating a fully integrated
edible oil business in Tanzania and beyond
Oil moved into Tanzania in 2001, it initiated a new era for both
the 40-year old company and for the country.
presence and investment in Tanzania the first foreign country
into which the Kenya-based company ventured has helped
the country to become less dependent on imports, while encouraging
small-scale oil palm farmers to increase production and improve
quality as it is from these farmers that the company buys up raw
materials. Bidco, on the other hand, has benefited from direct
access to one of Africas fastest growing markets.
who now employs 600 people locally, chose Tanzania as its first
foreign investment on the road to covering the continent for a
number of reasons. We saw it as a model project for our
group. Tanzania has political stability and its economy has been
growing steadily. We saw the potential for growth within the Tanzanian
market itself, explains Hemal Shah, CEO of Bidco. We
thought that it would be good to have a commercial production
investment here, so that we could integrate backwards into agriculture
over a period and achieve our Soil to Pan vision.
ago, Bidco had 10-15% of the market share for soap and some 5-8%
for edible oil. Today and $20 million invested later, those figures
stand at 55% and 45%, respectively, and the company commands a
strong foothold in Zambia and Congo.
Bidco Oil is today the largest manufacturer of vegetable oils,
fats, margarine, soaps and protein concentrates in East and Central
Africa. Additionally, it offers the widest range of quality edible
oil and hygiene products in the market.