The business community in Kenya and beyond is mourning the passing of Naresh Malde, the founder of Pwani Oil Products Limited, one of East Africa’s most successful manufacturers of edible oils, soaps, and detergents.
In an official statement released on Wednesday, October 29, 2025, the company confirmed the death of its founder, describing him as a visionary leader whose influence and passion will forever shape Pwani Oil’s identity.
“It is with deep sorrow and a heavy heart that we share the news of the passing of our esteemed founder, Mr. Naresh Malde,” the statement read. “His vision, dedication, and leadership have been integral to the success of Pwani Oil Products Limited.”
Naresh Malde founded Pwani Oil Products several decades ago, transforming it from a modest family venture into a regional industrial powerhouse. Under his leadership, popular brands such as Fresh Fri, Salit, and Sawa became household staples in millions of homes across East Africa.
His colleagues and employees remember him as a man of integrity, foresight, and compassion, whose leadership inspired innovation and growth. Pwani Oil noted that Malde’s contributions would continue to guide the company’s mission and values for generations to come.
Beyond his business achievements, Malde was also celebrated for his philanthropy. He supported numerous education and health initiatives in the Coast region, often doing so quietly and without seeking recognition.
His passing marks the end of an era for Kenya’s manufacturing sector, with tributes pouring in from business leaders and associates who credit him for his unwavering belief in Kenyan enterprise.
“As we mourn a remarkable leader and mentor, we also reflect on the enduring legacy Mr. Naresh leaves behind,” Pwani Oil stated. “May his soul rest in eternal peace.”
Malde’s life story remains an enduring symbol of entrepreneurial resilience and national pride, inspiring future generations of Kenyan innovators.
