Gamblers to pay Talanta bondholders Sh6.5bn

Talanta Sports City Stadium in Nairobi.

Photo credit: Billy Ogada | Nation Media Group

Investors in the Talanta bond that was used to build Raila Odinga stadium will receive Sh6.5 billion from July 7 on the back of Sh24.8 billion gambling taxes.

The government last year raised Sh44.79 billion through a 15-year bond whose returns are paid from betting taxes, which are housed under the Sports Fund.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.