Blow to Sportpesa and Betin as they exit Kenyan market

Blow to Sportpesa and Betin as they exit Kenyan market


Kieni MP, Kanini Kega, has welcomed the move by Sportpesa and Betin companies to exit the Kenyan market saying this will help improve the lives of the youth.

On Sunday, Betin fired all its workers and Sportpesa on the other hand announced that it has moved out of Kenya due to high taxation.

Speaking at Kabiruini Grounds on Sunday, Kega who heads the National Assembly’s Committee on Trade, said gambling has transformed some Kenyan youths into addicts and unproductive members of the society.

“Betting does not create wealth,”

Sportpesa CEO, Ronald Karauri in a past briefing

“It is unfortunate that the two firms closed shop.

“I know a few people who were employed lost their jobs, but I insist that the kind of companies we are going to support are those that come in terms of industries that will create job opportunities for our people but not addiction,” Kega said.

The second term MP said although the Government welcomes foreign investors, the mushrooming of betting firms was not beneficial to the economy.