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SportPesa cries foul over plan to raise taxes for betting firms

SportPesa chief executive Ronald Karauri. PHOTO | FILE

Kenyan betting giant SportPesa has said the Treasury’s plan to raise taxes for companies in the budding industry could stifle growth.

SportPesa chief executive Ronald Karauri said that while the firm is not opposed to taxation, the planned increase in betting taxes could be counter-productive.

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