President Uhuru Kenyatta has reportedly acquired a controlling Stake in Sportpesa, a day after he signed the Finance Bill that scrapped the controversial 20% betting tax.
Kenyatta’s stake are reportedly held in proxy by his close ally and businessman Peter Kihanya Muiruri. It’s said the businessman is Uhuru’s close relative.
The acquisition sets stage for the comeback of Kenyan’s once favorite bookie after nearly two years of absence.
Documents seen by Daily Star shows Mr Muiruri is now a shareholder in three companies linked to SportPesa.
The value of Mr Muiruri’s stake in the three companies is unclear, and it’s also unknown how much he paid for the shares.
Sources indicate that the shares might have been given in exchange of scrapping the 20 percent tax and reinstatement of Sportpesa’ BLCB License.
Sportpesa has indicated they will be back to business once they get their license which is expected to be finalized in the coming weeks.