Betway files for liquidation amid a Sh5bn tax row with KRA

Liquidation

Companies often choose to go under voluntary liquidation when they are insolvent and cannot settle their liabilities when they fall due.

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Online betting company Betway has filed for liquidation amid an ongoing row with the Kenya Revenue Authority (KRA) over a Sh5.2 billion tax demand, adding to the long list of companies that have either exited or plan to leave the Kenyan market, citing frustrations from the taxman.

A law firm, Anjarwalla & Khanna Advocates, has applied to the High Court for the dissolution of BlueJay Limited, the company that owns the Betway brand.

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