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SportPesa, Betin close shop in Kenya

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Betting firms SportPesa and Betin have finally thrown in the towel.

The two firms have stopped operations in Kenya and are set to send home thousands of their employees after a prolonged tax standoff with the Kenyan government.

The betting firms, which control more than 60 percent of the market share in Kenya, said separately they had resorted to take the action after the taxes slapped on the industry made the business no longer viable.

SportPesa, which had earlier indicated that it was coming back to business, now says it is disappointed with the decision by the Kenyan legislature to impose a 20 percent excise tax on all betting stakes.

“The tax is based on a fundamental misunderstanding by the Rotich-led treasury of how revenue generation works in the bookmaker industry. This decision will have a damaging impact on both customers and treasury,” the firm said in a statement.

“Further compounded by the currently in-effect 20 percent withholding tax on winnings, the economic incentive to place bets will be completely removed as the taxes will deprive consumers of their total winnings,” the firm added.

It argues that this will have severe consequences for licensed betting companies, which dutifully pay their taxes and ultimately will lead to a decline in government tax revenue to near zero and will halt all investments in sports in Kenya.

READ ALSO:   Storm as Safaricom ordered to suspend SportPesa, Betin pay bills

“Until such time that adequate taxation and non-hostile regulatory environment is returned, the SportPesa brand will halt operations in Kenya,” the firm said.

On its part, Betin has sent a notice of termination to all its staff on grounds that it has not been operational since July 2019.

“Management has had several extensive meetings with relevant government entities regarding the company’s licence renewal without much success,” the firm explains in the staff memo.

“In view of the above, we have had financial constraints as you might all expect. As a result of the deterioration of the profitability, the management has had to rethink its operational model and to proceed with the exercise of termination on account of redundancy,” it added. It said it had tried to find an alternative between July and September 2019, but it has now become financially impossible to maintain the entire workforce.

“We hereby notify you that positions will be rendered redundant on 31st October 2019,” firm said.

With the shutdown of the two, more than 2,500 people who depend directly on the industry will be out of jobs in coming days as the government crackdown on the sector draws its first casualties.

By Nairobi News


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News

I left Twitter because people insulted me a lot:Uhuru

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BY OLIVIA MUNGWANA

President Uhuru Kenyatta has said Kenyans on Twitter were too hostile to him that is why he left.

Speaking during the launch of the the drive for the signatures for the Building Bridges Initiative, President Uhuru Kenyatta said he would spend so much time on Twitter, going through what people were saying and all he would see were abuses which would get to him.

He said he has been listening to people and talks to them before making decisions, but going to Twitter to see what people were saying was not a pleasant experience for him. He now says he would rather spend time with his wife in the evening before sleeping and wake up to go to work.

Mimi hata huko Twitter, mimi niliondoka huko, nikaona hio kitu ni bure ni matusi tu, unakaa hapo unasoma, haulali, halafu unapiga simu, unaona vile huyo mtu amenitusi, afadhali nilale bana, nipige story na mama kidogo hapo, nilale, niamke, niende kazi, dunia iendelee,” he said.

Uhuru left Twitter in 2018 . He was most followed leader in Sub-Saharan Africa on Twitter with more than three million followers.


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READ ALSO:   Storm as Safaricom ordered to suspend SportPesa, Betin pay bills
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Do you know this man caught on CCTV stealing laptop in Mirema flat? – VIDEO

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CCTV footage has emerged showing the moment a man stole a laptop from a house in a city flat.

The footage, captured last week, shows the unidentified male masquerading as a tenant of the flat and waiting as a tenant opens the gate door before he follows her in.

The man then starts going around the flat looking for any unlocked doors.

The suspect is seen moving floor after floor until he finally finds an unlocked door.

He then gets in and hastily makes away with a bag with what is understood to be a laptop.

Mr Muriithi, the landlord of Mufu Heights, which is located along Mirema Road in Nairobi, suspects that the man captured on CCTV could be working for a moving company.

Spotted in the apartment

He said that it was the second time the man had been spotted in the apartment. In the first incident, a tenant lost a wristwatch.

“We suspect that he works for a moving company and he helped a tenant to either move in or out and he came back and surveyed the building sometime in September. He has returned and a tenant has lost a laptop,” Mr Mureithi said.

He added that the victim had left the house without locking the door because his wife had forgotten her keys in the house.

READ ALSO:   Storm as Safaricom ordered to suspend SportPesa, Betin pay bills

The matter was reported at Kasarani police station with members of the public being requested to help in identifying him.


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Shock as man admits to killing his wife and her lover

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He came home, found his friend in bed with his wife, picked up a panga and murdered them in cold blood before handing himself over to the police.

At least that is what a 40-year-old suspect only identified as Lorumeta wants the police to believe after making a deranged and shocking entrance to Karuna Police Station while brandishing a bloodied machete with a murderous look in his eyes and babbling incoherently.

The incident has left residents of Karuna village in Moiben Sub-county in shock amid claims of a salacious love affair between the man’s wife and his friend.

Both Lorumeta and his friend were employed as casual labourers at Kaptebei Farm, locals said.

Members of the public who had gone to seek services at the station were forced to scamper to safety as police disarmed the suspect before locking him up in the cells.

Motive of murder 

On interrogation, Lorumeta told police he was fed up with his cheating wife’s shameless actions.

Confirming the Saturday afternoon incident, County Police Commander Ayub Ali said the bodies of Nancy Cheruto and Cheruiyot Lomorian, which had deep cuts, were taken to the Moi Teaching and Referral Hospital mortuary awaiting a postmortem examination.

READ ALSO:   Storm as Safaricom ordered to suspend SportPesa, Betin pay bills

The police boss said investigations are underway to establish the facts. He said the suspect will be charged in court as soon as the investigations are complete.

“For now, the motive of this killing is yet to be known. We are not going to speculate as to the cause of this shocking murder until the investigations are complete,” said Mr Ali.

He added that police cannot rely on the allegations of the suspect until they conduct in-depth investigations.

by nation.co.ke


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