Paul Ndung’u edged out of SportPesa ownership

karauri

Paul Wanderi Ndung’u (left) and Sportpesa CEO Ronald Karauri. FILE PHOTOS | NMG

Kenyan entrepreneurs Paul Wanderi Ndung’u and Asenath Wacera Maina are being squeezed out of the ownership of the international business of gaming firm SportPesa, marking an escalation of the fallout among the firm’s founders.

Latest filings by Sportpesa Global Holdings Limited (SPGHL) in the UK show that Mr Ndung’u’s stake has dropped to 1.54 percent, down from 17 percent when the multinational was incorporated in 2017.

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