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SportPesa renews plea on taxation as team returns

Football Kenya Federation president Nick Mwendwa (right) chats with Harambee Stars coach Stanley Okumbi at the SportPesa All Stars luncheon on July 25, 2017 at the Intercontinental Hotel, Nairobi. PHOTO | CHRIS OMOLLO |

By  Cellestine Olilo

Editor, My Network

What you need to know:

  • Gaming company SportPesa will terminate all existing sports sponsorships and leave the Kenyan market should a 35 per cent tax on revenue of gaming companies be effected from January as planned.
  • SportPesa CEO Ronald Karauri on Tuesday said that the online betting company remains committed to supporting local sports but it hopes the government will review its decision on taxation “because no company can remain sustainable in the face of such high tax cap”.

Gaming company SportPesa will terminate all existing sports sponsorships and leave the Kenyan market should a 35 per cent tax on revenue of gaming companies be effected from January as planned.

SportPesa CEO Ronald Karauri on Tuesday said that the online betting company remains committed to supporting local sports but it hopes the government will review its decision on taxation “because no company can remain sustainable in the face of such high tax cap”.

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