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Betting Firms Sportpesa, Betin Halt Operations Over Harsh Regulations

Ronald Karauri
Sportpesa CEO Ronald Karauri [Image/Courtesy]

Betting firms SportPesa and Betin have closed shop in Kenya over the prolonged tax standoff with the government.

Sportpesa on its part cited hostile regulations imposed by the government at the start of the year; 20% excise tax on all betting stakes.

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Written by Eva Nyambura

Content creator at Kahawatungu.com | Passionate about telling the untold story. Lover of life, music and technology. Simplicity is KEY

Email: news@kahawatungu.com

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