Kenyan authorities investigate Yara, Mea Ltd.

Nairobi—The Competition Authority of Kenya (CAK) on March 7 raided the offices of Mea Ltd. and Yara East Africa, a unit of Yara International, due to suspicion of price fixing, according to the Kenyan Business Daily, which reported estimates that the two control about 60 percent of the Kenyan fertilizer market. Yara confirmed that it is under investigation, and said it cooperated fully with CAK. “Yara only supports compliant and ethical business at all times, and we will contribute to ensuring the fertilizer industry is driven towards supporting and improving the profits of the Kenyan farmers,” a company spokesman told Green Markets.