Kenya: Betting firm SportPesa sacks 400 staff

Betting firm SportPesa has sacked 400 of it’s employees in Kenya because it could no longer afford to pay them their salaries. The company has said that it’s business model has collapsed after the government imposed additional tax of 20 per cent on all revenues. On Wednesday the company’s Chief Executive Officer Ronald Karauri told employees at a meeting that that their services were no longer tenable. He later told a local radio station that “We have been keeping our employees on the payroll without generating revenue. It is really…

Read More