While the decision permits the import and processing of the GM corn for food and feed, it explicitly excludes their cultivation within the trading bloc.
The two companies, which collectively control approximately 74% of Namibia’s poultry market, are alleged to have withheld access to tertiary poultry products.
This downturn is attributed to wheat import restrictions imposed in June 2024, which disrupted the supply chain for flour producers.
Kenya currently imposes a 50% ad-valorem duty on maize imports from countries outside the East African Community (EAC), in line with the EAC’s Common External Tariff (CET).
By implementing futures trading, ZMX seeks to offer both farmers and off-takers, such as millers, a tool for better financial planning and risk management.