The Kenyan business community is mourning the passing of Naresh Malde, the founder of Pwani Oil Products Limited, who has died after decades of shaping one of East Africa’s most successful manufacturing companies.
In an official statement released on Wednesday, October 29, 2025, Pwani Oil described Malde as a visionary entrepreneur and transformative leader whose contributions laid the foundation for the company’s enduring success.
“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. “This loss is deeply felt throughout our organization, as Mr. Naresh played an instrumental role in the establishment and growth of Pwani Oil Products.”
A Legacy of Innovation and Leadership
Malde founded Pwani Oil Products several decades ago, turning it from a small local operation into one of East Africa’s top producers of edible oils, soaps, and detergents. Under his leadership, the company built some of Kenya’s most trusted household brands Fresh Fri, Salit, and Sawa now used in millions of homes across the region.
Colleagues and business peers have remembered Malde as a man of integrity, foresight, and compassion, whose leadership extended beyond business success to uplifting communities and employees alike.
“His vision, dedication, and leadership have been integral to the success of Pwani Oil Products Limited. His contributions will always be remembered and celebrated,” the company noted.
A Philanthropic Industrialist
Beyond the boardroom, Malde was known for his philanthropic spirit, quietly supporting education, healthcare, and social initiatives across Kenya’s Coast region. His efforts earned him widespread respect as a leader who combined business acumen with a deep sense of social responsibility.
“As we mourn the loss of a remarkable leader and mentor, let us also reflect on the enduring legacy Mr. Naresh leaves behind,” Pwani Oil said, extending its condolences to his family and loved ones.
Tributes from Across the Region
Since the announcement of his passing, tributes have poured in from business leaders, employees, and associates, who praised Malde for his role in shaping Kenya’s manufacturing landscape and inspiring new generations of entrepreneurs.
“May his soul rest in eternal peace,” the company wrote in closing.
Malde’s legacy one built on innovation, resilience, and community empowerment will continue to guide Pwani Oil and Kenya’s wider industrial sector for years to come.
