Kenyan entrepreneurs Paul Wanderi Ndung’u and Asenath Wacera Maina have lost a combined Sh1.1 billion from the dilution of their stakes in the international business of gaming firm SportPesa.
The duo fell out with their fellow shareholders over management and cash transfers in SportPesa Global Holdings Limited (SPGHL) and Pevans East Africa — which previously ran the sports betting business in Kenya.
