23 C
Kenya
Wednesday, September 23, 2020

See shocking amount of billions SportPesa makes in Kenya

Must Read

Borrowers at Spire Bank default on 90 per cent of all loans given out

Spire Bank Loans: Borrowers at troubled Spire Bank are not paying back loans. The borrowers have defaulted a record...

Bolt launches in Nakuru and Kisumu

Bolt launches an all new affordable, everyday ride-type in Nakuru and Kisumu Bolt, the leading on demand transportation platform in...

4,000 Coast Residents Benefit from Safaricom Foundation Projects

Safaricom Foundation Coast Projects Safaricom Foundation’s Ndoto Zetu initiative has supported six groups in Kwale and Kilifi with economic empowerment...

SportPesa News: How much money does leading betting firm Sportpesa make? This is a question that most people in kenya and abroad wonder about. Well, now there’s an answer. Through a a full-page , the betting company has explained its finances and tax records to the public.

The company has claimed that in the year 2018, it collected Sh. 20 billion in revenues. It then made a gross profit of Sh. 9 billion. It paid taxes to the Kenya government worth Sh. 6.4 billion.

But a different report that appeared in the UK newspaper, The Guardian, revealed that last year alone, SportPesa made a shocking Sh. 100 billion in Kenya!

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

The announcement is against the backdrop of accusation on the industry’s tax commitment to the government.

A report by a multi-agency team set by the state indicated that betting companies made about Sh. 204 billion last year but paid only Sh. 4 billion in taxes.

Defending its activities, the betting firm further listed a number of social responsibility within the sports community and local communities.

The company also revealed that it invested Sh. 693 million in football, Sh. 600 million in rugby, Sh. 75million in boxing, Sh. 2.8million rally sports, Sh. 73 million in agriculture, environment conservation, water access, Sh. 57 million in education infrastructure and Sh. 41 million in community health development.

Sportpesa also listed sports activities it sponsors in the country. It says, it sponsors the Kenyan Premier League and the official title sponsor of the Federation of Kenya Football Shield tournament, which provides an invaluable opportunity for the teams to display their talent. The advert also says the company has been running an initiative called Kits4Africa that encourages football fans to donate their old kit to underprivileged, grassroots teams across Africa. SportPesa also has a sponsorship deal with football giants Gor Mahia and AFC Leopards.

These Sportpesa news come as the gaming firm’s latest defense against the cancellation of its betting license by the government of Kenya.

Leave a Reply

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

188,320FansLike
11,005FollowersFollow
193FollowersFollow
292SubscribersSubscribe
WhatsApp
Telegram

Latest News

Equity Afia Opens 3 New Medical Centres In Kitengela, Ngong And Along The Eastern Bypass

Equity Afia Opens 3 New Medical Centres In Kitengela, Ngong And Along The Eastern Bypass Equity Afia, the medical franchise...

Equity Afia Opens 3 New Medical Centres In Kitengela, Ngong And Along The Eastern Bypass

Equity Afia Opens 3 New Medical Centres In Kitengela, Ngong And Along The Eastern Bypass Equity Afia, the medical franchise of Equity Group Foundation (EGF),...

Sick Nyandarua man dies on wheelbarrow as poor roads persist

Nyandarua Roads: It was shame and shock after a man from Nyandarua who could not access a health centre died on wheelbarrow. The man...

Jambojet Launches A Campaign To Encourage Domestic Travel

Regional low-cost carrier Jambojet has partnered with various players in the travel industry to launch a campaign that will encourage domestic travel. The campaign dubbed...

Carrefour to Open Three Stores in Mombasa

Carrefour to Open Three Stores in Mombasa Carrefour, operated in Kenya by Majid Al Futtaim, is expanding its retail footprint across the country with the...

More Articles Like This