For Animal feeds manufacturers such as Dr James Gakuo, the exemption from taxes is a welcome relief for both firms and farmers. Njoroge has 10 Dairy cows and each day he spends a total of Sh 6,750 on animal feeds. For Peter Njoroge, a dairy farmer based in Mukurweini, Nyeri County is a happy man, after Treasury Cabinet Secretary Henry Rotich announced plans to scrap taxes on animal feeds. This is a welcome relief, to Njoroge as a farmer who said he was hoping the prices would come down as soon as possible. "Each month I spend Sh 202,500 on animal feeds if the taxes are reduced I expect I will save between Sh 30,000 to Sh 20,000 per month," Njoroge said.

Source: Standard Digital June 09, 2016 11:03 UTC