Scrap metal dealers on Wednesday opposed a government plan to ban the export of lead.
Mr Philip Mwabe, the chairman of the Kenya Iron and Scrap Metal Association, said the Ministry of Industrialisation had not consulted his office before announcing its intention to effect the ban.
“We have several lead smelting factories in the country and if the government gazettes the ban, it will affect thousands of people,” said Mr Mwabe during a scrap metal dealers’ meeting at Sapphire Hotel in Mombasa.
The unionist said lead exports bring in a large amount of foreign exchange and that the ban would be punitive.
The big homebuilders are lining up for their tax refund, thanks to an expansion of stimulus legislation. Toll Brothers announced that it will be receiving a 2009 tax refund of $162 million. Lennar estimates a whopping $320 million anticipated tax refund!
But here’s the good news for your business — you don’t need to be a massive corporation with a powerful Washington DC lobby to get your own little bailout package! If your once flourishing business has taken a hit in 2008 and 2009, you might not need to see red anymore.
Last year, we discussed the the net operating loss carryback rules when they were available only to businesses with gross receipts under $15 million.
Dairy farmers may have a reason to smile soon as the government prepares to announce a rescue plan to end the current milk glut.
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Agriculture minister William Ruto said the rescue package was mooted at a crisis meeting of officials from the ministries of Agriculture, Livestock, and Cooperative Development to ensure that farmers do not incur any more losses.
Milk supply has in the past few weeks outstripped the demand by processors and other dairy industries. It has also emerged that Livestock minister Abdi Kuti had floated a proposal to the Treasury for Sh300 million to buy excess milk from farmers.
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