The acquisition adds a 33.34 per cent stake from Gulf Japan Poultry Farm, a transaction that would substantially raise OFM’s holding in the food producer.
According to import shipment records covering April 2024 to March 2025, Tanzania, Zambia and Uganda together accounted for approximately 99 percent of Kenya’s maize import shipments.
The deal also includes the construction of 90,000 tonnes of steel silo storage, supporting integrated grain handling.
Honeywell Flour Mills remained profitable from April to December 2025, but earnings declined compared to the previous year due to lower revenue and higher expenses.
The MoU aligns with broader industry efforts to localise sourcing and reduce exposure to supply disruptions.