Betting company Sportpesa is sacking over 400 employees as their process of quitting business in Kenya kicks off.
The company’s management held meeting at the headquarters along Argwings Kodhek road in Nairobi where they announcement the sacking in the offing.
This comes barely a week after the company announced plans to leave Kenyan market over what they termed hostile business environment.
Sportpesa which is the biggest betting firm allegedly owed Kenya Revenue Authority Sh14.9 billion in unpaid taxes which the company’s Kenya CEO Ronald Karauri said was a tax 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,” Karauri said.
Sportpesa now remains with markets in United Kingdom, Italy, South Africa, Tanzania and the Isle of Man.