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The Standard e-Paper
Kenya’s Boldest Voice
The Standard Group Plc is a
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influence in matters of national and international interest.
The government has ordered telecoms firm Safaricom to stop processing payments for sports betting companies, potentially shutting down a lucrative source of revenue for the company.
Online sports betting companies such as SportPesa have grown rapidly in the East African nation in recent years, riding a wave of enthusiasm for sports to achieve combined revenue of 204 billion shillings ($2 billion) last year.
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