Regulation

SportPesa goes on the offensive to defend Kenya tax payments

Betting operator facing payment blocking after government complaints about industry tax contributions

SportPesa has taken out a full-page advert in Kenya’s local newspapers explaining its tax contribution, following government accusations it hasn’t been contributing enough to the treasury. The advert, which appeared in newspapers on Monday, explained that SportPesa generated revenues of KSH20bn (£155.3m), accumulating profits of KSH9bn (£69m) and making a tax contribution of KSH6.4bn (£49.7m)…

Africa | Kenya | Regulation | SportPesa | Sports betting | Tax

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