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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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