The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
SportPesa staff team follow proceeding during a meeting with the firm’s management. All the staff have been rendered jobless after the firm halted its operations in the country following a tax standoff with the government. [Courtesy]
From the face of it, it could just be over 400 people being sent home by betting Company SportPesa after they halted their operations in Kenya following regulation impasse with the State, but more awaits as the ripple effect begins to bite.
During a meeting to relay the sad news to the staff yesterday, the firm’s chief executive Ronald Karauri said it is tough but there was nothing he could do to save the situation.
Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access