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Home Business

Sportpesa back in business after KRA clearance

The Brief by The Brief
4th September 2019
in Business, Recent
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Sportpesa

Sportpesa

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Kenya’s premier betting firm, Sportpesa gets back business as KRA completes clearance.

The Kenya Revenue Authority (KRA) has cleared Sportpesa and set the gambling facility on a path back to active business.

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Sportpesa will now apply for a new trading licence from the Betting Control and Licensing Board (BCLB).

The company has expressed confidence in improved relations with the Kenyan government and a full resumption to normal business operations.

Sportpesa’s licence was revoked in July, on the conditions of failing to meet its tax obligations.

As a retaliatory action, Sportpesa canceled all their active sports sponsorship deals in the country. Making reference to a hostile business environment, the company also canceled its advertisements on local platforms.

The company was part of 27 gambling facilities that had their licences revoked by the government and paybill numbers withdrawn over tax-related concerns.

Following the move by KRA, Sportpesa assured its users of an re-

entry to business, as soon as practically possible.

Tags: BettinggamblingKenyaKRARonald KarauriSportpesa
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