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UK betting company buys Kenyan lottery

Winners of a past Kenya Charity Sweepstakes Lotto Jackpot celebrate their win. The firm is also known for funding social causes such as rehabilitation of street children. [Standard]

A UK betting firm has acquired a controlling stake in Kenya Charity Sweepstake (KCS) as it eyes expansion into the Kenyan and regional markets.

Corporate advisory firm I&M Burbidge Capital, which tracks private equity deals, said TenlotGroup had taken up an 85 per cent stake in the local firm.

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