Pambazuka National Lottery suspends operations in Kenya

Millicent Nyamancha Wins 20M In Pambazuka National Lottery

Early Sunday, Pambazuka National Lottery announced that it had suspended operations in Kenya citing high taxes imposed by Government.

“Operating any lottery under this framework is not possible and therefore business operations are forced to close,” the firm said.

The firm added that 35 per cent tax on all tickets sales has made them to suspend their operations until a "sustainable regulatory framework" is in place.

“The effect of the 35 per cent tax on all ticket sales is that the total cost of operations rises to 115 per cent and this is before deduction of operations costs,” read part of the statement.

With the new tax, Kenya now has the highest rate globally for this industry given that the companies will also pay other taxes such as corporate tax.

Pambazuka’s decision comes just days after SportPesa pulled out its sports sponsorship, saying the 35 per cent tax imposed by the Government was too high.

This means that Sh600 million will be lost every year as sponsorship funding.

The Kenyan Premier League will also be affected as SportPesa was its official title sponsors. Others to be affected are the SportsPesa grassroots tournament, Nakuru All Stars, as well as Kenya Harlequin rugby team.

The World Boxing Council women’s super-bantamweight champion, Fatuma Zarika, and local rally driver, Leonardo Varese, are also affected.

FKF will have to get money to pay national team coach Paul Put and technical director Andreas Spiers, who were both paid by the betting firm.

Next Story
LATEST STORIES
Sofapaka gets lifeline from Betika

Sofapaka gets lifeline from Betika

AK: Top stars snub Club Games set for Australia

Top stars snub Club Games set for Australia

Japanese star seeks next Wanyama

Former AC Milan attacking midfielder Honda to launch talent search programme

New Zealand thrash Kenya

New Zealand thrash Kenya

Theo Walcott completes £20million Premier League switch after 12-year spell at Arsenal

Theo Walcott completes £20million Premier League switch after 12-year spell at Arsenal

Jon Flanagan sentenced for assault

Liverpool defender sentenced to a 12 month community order

More Stories
State to fund teams after Sportpesa pull-out

State to fund teams after Sportpesa pull-out

Conseslus Kipruto wins Sports Man of the Year award; Hellen Obiri scoops Sports Woman of the year

Conseslus Kipruto wins Sports Man of the Year award at the 2018 SOYA Awards as Hellen Obiri scoops Sports Woman of the y

Mother kills two children while her husband was out watching Football

A mum murdered her children before throwing herself off a bridge

Crazy French referee kicks and sends off Nantes player in PSG win

Bizarre incident clouded the Ligue 1 match when French referee Tony Chapron responded to an accidental push by a player

Polo: Hiromi Nzomo voted most valuable player as tournament concludes at Jamhuri Park

Samurai put Royal Salute to the sword: Hiromi Nzomo voted most valuable player as tournament concludes at Jamhuri Park

FIFA condemns Spartak Moscow's ‘chocolate’ racist tweet

FIFA has condemned a racially-charged tweet by Russian champions Spartak Moscow which again spotlighted concerns.

major changes in school sports calendar of events

major changes in school sports calendar of events