Nali Limited was founded in 1974 in Limbe, Malawi by Alford Nalilo Khoromana in Thyolo District. It was set up as a proprietorship. It was incorporated as a company on 15 December 1983 as Nali Farms Limited. It later changed to Nali Limited on 12 November 1985. Nali has, since the early 1970s, been engaged in the growing and exporting spices including the popular Birds Eye chilies that are only found in Africa. Nali was able to grow into a successful commercial enterprise. Nali hot sauces are their most popular product line.

Towards the end of 1978, Nali chilies were in great demand. Nali Limited is the only company in Malawi involved in the processing and selling of sauces and condiments for both local markets and export markets. They currently produce Nali Sauce and other agricultural products. It currently has about 3,000 farmers that help to grow the chilies.