Sports clubs that depended on betting companies in Kenya will have to look for new sponsors, even as the government proves reluctant to support sports.
Betting company cites uncertainty regarding renewal of its licence, suspension of PayBill number, adds all clubs and partners will have received notices as provided for in their contracts
Betting firm has perfected the art of squeezing billions of shillings from Kenyans through mobile phones, thanks to a sports betting craze that has turned into a kind of cult that has bred fewer winners and millions of big losers.
The real owners of SportPesa have hitherto remained low-profile, with the CEO Ronald Karauri, who is among the minority shareholders, being the face of the company.
National Treasury Cabinet Secretary Henry Rotich on Thursday read the…
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