Malaysia to move palm oil business head office to Nairobi

Malaysia's move has been influenced by the European Union Deforestation Regulations that restrict exports of products to the EU market that are linked to cutting down of trees. [File, Standard]

Malaysia will be moving its palm oil business headquarters from South Africa to Kenya as the country looks to position Nairobi as its base for re-exports to the rest of the Sub-Saharan region.

The move is also in line with Malaysia’s grand plan to shift part of its processing to Nairobi as well as expanding its plantation.

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