24 C
Kenya
Sunday, August 25, 2019
  • SME

Ronald Karauri: I sold my Sh. 25 million land to invest in SportPesa

Must Read

Shock as 90,000 teachers quit KNUT

KNUT Membership: BY SUNDAY STANDARD: Shocking revelations have emerged of some 90,000 teachers who have pulled out of Knut...

Salary and allowances James Mworia earns as Centum CEO

James Mworia's Salary: A few years ago, Centum CEO, James Mworia, was ranked as the highest paid chief executive...

Half of all Safaricom employees now women

Safaricom Women Employees: Safaricom has become the first major company in Kenya to have half of its workforce made...

SportPesa CEO Ronald Karauri has revealed how he invested in SportPesa.

Mr. Karauri revealed that he took a risk by selling his land at Sh. 25 million in order to buy a 6 per cent stake.

Apparently, Ronald Karauri had bought the same piece of land at Sh. 2 million.

“I was in a casino when the idea came about. The casino is very interesting because you meet so many people and I was the only one who was flying. The idea was started by one of the people at the table. I got really interested and told him, ‘you know what, I am really interested and would like to join you. So, initially I was one of the few people who bought the idea because at that time, not many people could see it. Some people joined much later,” said the former pilot.

SEE MORE: Who owns Sportpesa: Billionaires behind the multi-billion betting company

SportPesa has been termed as one of the fastest growing gaming companies in the world.

It was started in 2014 and has gone on to make some of the biggest sponsorship deals including multi-billion deals with English Premier League clubs Arsenal, Everton, Southampton and the relegated Hull City.

- Advertisement -

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Salary and allowances James Mworia earns as Centum CEO

James Mworia's Salary: A few years ago, Centum CEO, James Mworia, was ranked as the highest paid chief executive...

Salary and allowances James Mworia earns as Centum CEO

James Mworia's Salary: A few years ago, Centum CEO, James Mworia, was ranked as the highest paid chief executive officer in Kenya. Of late,...

Half of all Safaricom employees now women

Safaricom Women Employees: Safaricom has become the first major company in Kenya to have half of its workforce made up of women. This is...

Survival tips for your small business in a tough economy

SME in Kenya: Recent news of large legacy companies laying off staff in Kenya has been the talk of town in Kenya. Struggle for...

See detailed half year Co-op Bank financial results

Co-op Bank Financial Results: The Co-operative Bank Group is delighted to report a Profit before Tax of Kshs.10.44 Billion for the first half of...

More Articles Like This

- Advertisement -
%d bloggers like this: