EXCLUSIVE -Uhuru scraps betting VAT as his cousin Peter Kihanya Muiruri buys Sportpesa company
Sportpesa is back in Kenya with more exciting goodies.

Gamblers have good news after President Uhuru Kenyatta scrapped the controversial 20 per cent wager VAT. 


The move is alleged to have been pushed by his cousin, a businessman Peter Kihanya Muiruri.


Peter Kihanya Muiruri in the last 12 months acquired Pevans limited with over 60% shares. Pevans Limited owns Sportpesa in Kenya with Ronald Karauri as the CEO.


Sportpesa come-back after the Removal of the controversial Betting Tax is good news to the majority of Gamers.

President Uhuru Kenyatta signed the Finance Bill and one key issue that has been resolved is the tax on betting stakes which is now gone.


In a related development, businessman Peter Kihanya reportedly acquires a larger stake in SportPesa.

He has been a quiet change in the shareholding of betting giant SportPesa, which exited Kenya last year during the tax controversy.


Details concealed in corporate filings in Kenya, the United Kingdom and the Isle of Man reveal that businessman Peter Kihanya Muiruri has over the past 14 months acquired stakes in three companies that are part of SportPesa’s international gambling empire.


According to Nation Media working with UK-based journalism organisation, Finance Uncovered, accessed documents filed by SportPesa companies in Kenya, the UK and the Isle of Man, a tax haven off the coast of Britain.


The documents show Mr Muiruri is a shareholder in three companies linked to SportPesa. He also acquired the IT firm providing services to Sportspesa, SPS sport soft limited.

Post a Comment

What is your say on this

Previous Post Next Post