29.3 C
Kenya
Thursday, February 27, 2020

SportPesa fires its 400 employees

Must Read

Career profile of the confirmed KQ CEO Allan Kilavuka

Kenya Airways has appointed Allan Kilavuka as the group managing director and chief executive officer. His appointment will take...

How you can easily import your vehicle directly from Japan

Importing a Car From Japan: Most Kenyans looking to import vehicles directly from Japan, Europe or Thailand inevitably face...

More flights from China to land in Kenya, says Chinese Embassy

Preventing Corona Virus in Kenya: The flight from China that landed yesterday at the Jomo Kenyatta International Airport was...

SportPesa Employees: Leading betting firm SportPesa has sent all its 400 employees home. This comes a few days after the company announced that it was shutting down its Kenyan operations.

Below is a report on the latest move by the company as was reported by Citizen:

Embattled betting firm SportPesa has sent home all its 400 employees in the aftermath of its lost battle with the government over renewal of its license.

SportPesa Chief Executive Officer Ronald Karauri disclosed the decision to staff members in a meeting called earlier on Wednesday.

The decision to fire the employees comes days after the firm announced the termination of its operations in Kenya in a move that marked an end to the long-drawn taxation battle with the government.

The betting firm which operates in Kenya as the Pevans East Africa Limited ran into trouble with the law alongside 27 others at the end of July as the Ministry of Interior moved to purge the gambling firms over outstanding tax arrears.

The tax in question related to the remittance of withheld customer winnings even as the firm joined rival Betin in protesting the claim in court before the quashing of the suit at the end of August.

SportPesa Employees

Additionally, SportPesa has been in protest of the recently proposed tax on customer stakes by the National Treasury in amendments contained in the 2019 Finance Act which currently awaits presidential accent.

Nevertheless, SportPesa had held out for the renewal of license by the Betting Control and Licensing Board (BCLB) following a nod from the Kenya Revenue Authority (KRA) on September 3.

Even so, the optimism seemingly fizzled out as the firm failed to garner backing from the BCLB in its license renewal application.

Likewise,rival- Betin ceased operations at the end of September, sending home all its staff.

- Advertisement -

Leave a Reply

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

140,513FansLike
10,942FollowersFollow
7,640FollowersFollow
214SubscribersSubscribe

Latest News

Career profile of the confirmed KQ CEO Allan Kilavuka

Kenya Airways has appointed Allan Kilavuka as the group managing director and chief executive officer. His appointment will take...

How you can easily import your vehicle directly from Japan

Importing a Car From Japan: Most Kenyans looking to import vehicles directly from Japan, Europe or Thailand inevitably face the big dilemma of spotting...

More flights from China to land in Kenya, says Chinese Embassy

Preventing Corona Virus in Kenya: The flight from China that landed yesterday at the Jomo Kenyatta International Airport was the first among a series...

Kenya opens doors for wheat imports from US

Wheat Farming: Kenya has lifted the prohibition on US wheat following a deal between President President Uhuru Kenyatta and Donald Trump. Yesterday, U.S. Secretary...

Kenya’s 6 billionaires who all come from one village

Muranga Billionaires: Most of the central Kenya billionaires come from the same Rwathia village of Kangema, in Murang’a, succeeding in taking their businesses beyond...

More Articles Like This

- Advertisement -
%d bloggers like this: