Uhuru Paves Way for SportPesa Return

[SIZE=7]Uhuru Paves Way for SportPesa Return[/SIZE]
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[li]By John Mbati on 1 July 2020 - 7:17 am[/li]
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File image of Sportpesa CEO Ronald Karauri
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Punters are set for a reunion with betting firms Sportpesa and Betin, after President Kenyatta scrapped off stringent tax measures that saw the two firms exit the country in September 2019.
The head of state signed into law the Finance Bill 2020 which dropped the 20 per cent excise duty imposed on betting firms in November 2019.
The two firms lost their betting licences in July 2019 with the closure of the firms leading to massive unemployment as many employees were rendered jobless and billions of shillings lost in revenue.

Interior CS Fred Matiang’i, who lobbied and spearheaded taxation of betting firms reiterated the government’s stance on betting.
https://www.kenyans.co.ke/files/styles/article_inner_mobile/public/images/media/uhuru.jpg?itok=-8s8Sxpk
President Uhuru Kenyatta signs into law the Finance Bill 2020 at State House, Nairobi on Tuesday, June 30, 2020
PSCU

The CS argued that the firms were yet to comply with measures stipulated by the government against betting.
"Before you start talking about the tax on winnings, have any of these companies complied with the registration criteria?

“The government is on course towards ending the gambling menace in this country. Some of those firms you are saying will never operate in Kenya because they have not met the standards,” Matiang’i stated while speaking with Daily Nation.
The National Assembly Finance and National Planning Committee which proposed the change stated that the tax affected the industry and Kenya’s economy.
"The 20 per cent excise duty charged on the stake placed by a punter has hurt the local gaming industry. The amendment is to remove excise duty on betting.
"This is to reverse the negative effects of this tax on the industry, which has led to the closure of betting firms in Kenya yet international players continue to operate,” the MPs proposed.

https://www.kenyans.co.ke/news/54851-uhuru-paves-way-sportpesa-return

I thank God fools have been given another opportunity to be separated with their own money

and more suicides might be on the way

Motherfucker probably bought some shares…

it’s being alleged its a cousin who has bought a large stake.
Digi and others had posted earlier. [SIZE=2](hadn’t seen)[/SIZE]

Breaking : Taxation on sports betting REMOVED - News & Politics - Kenya Talk

Nimeblock digi sikuona ii post.

:D:D:D

SportPesa was paying billions in taxes. I think they miss those billions now that the government is desperate for money.

They don’t care about taxes, they are more interested in the profits which were going to Bulgarian cartels

At the expense of many youths who will hang themselves after losing their money

Natural selection

Am thru with gambling. Enjoyed the journey but it’s time to quit.

good for you. and dont try to play the last time.
one usually either losses by one game or wins big, and the gambling continues.