The Ministry of Investment, Trade and Industry has released a statement informing the Public, Business Community and all Stakeholders of the Government’s decision to impose restrictions on the importation of maize extruded snacks through the Control of Goods, Prices and Other Charges Act, 2003, Statutory Instrument No. 55 of 2021.
The Statutory Instrument No. 55 of 2021, which was published in the Government Gazette dated 11th June 2021, restricts the importation of maize extruded snacks, and an import permit is issued subject to purchasing 40% in value (monetary) of the required 100% maize extruded snacks from local producers.
The statement further explains that the purpose of this Statutory Instrument is to promote local production, build competitiveness and the sustainability of local manufacturing companies of similar products. It also aims to stimulate investment, job creation and economic diversification within the sector.