The sweet deal that saved SportPesa

SportPesa CEO Ronald Karauri when he appeared before the Senate Justice and Legal Affairs Committee over the halting of betting and gaming licences at County Hall, Nairobi. [Boniface Okendo/Standard]

SportPesa, the beleaguered betting giant, has managed to squeeze a deal on the contested back taxes and settled on a “significantly lower sum”.

The agreed amount will also be paid in phases in the deal, announced earlier in the week, allowing the firm's return to operations after a two-month absence, much to the reprieve of millions of its customers.