SportPesa which made an exit after a row with the government over stringent betting taxes that hugely weighed negatively on them stated on Friday that they had acquired a new licence and have resumed operations in the country.
SportPesa CEO Ronald Karauri made the announcement on social media, saying the company resumed operations under a new Betting Control and Licensing Board (BCLB) licence holder.
https://twitter.com/KarauriR/status/1322208848040570880
The firm said Government's decision to impose a 20 per cent tax on all betting stakes was damaging on both their customers and treasury.
https://twitter.com/SportPesa/status/1322213052104794112
"SportPesa is disappointed with the decision by the Kenyan legislature to impose a 20 per cent excise tax on all betting stakes. The tax is based on a fundamental misunderstanding of how revenue generation works in the industry. These taxes have a damaging impact on our customers," read a statement.
