We are not quiting Kenya

Business News

Betway has stated that higher taxes should not be a reason for companies to halt their corporate social responsibilities.

Country manager Wanja Gikonyo stated that the firms and the government can come to an agreement which will lead to a solution.

The companies have been up in arms over the higher taxation of 35 per cent of their profits.

“The tax issue is a concern for Betway and the industry at large. We are in talks … we will see how things will turn out.” Gikonyo stated on Wednesday.

Gikonyo noted that their CSR activities were intact and that the firm will continue assisting communities while speaking as he handed over a cheque to Macheo children’s home in Thika.

“We will remain with the Kenyan community and assist where there is a need. We have several CSR projects and have helped with famine relief and the Lewa Foundation,” she said.

Leading firm SportPesa withdrew it sponsorship of local sports teams because of this reason and others have threatened to pull out.

SportPesa CEO Ronaldo Karauri noted that they will save about Sh600 million and he stated this while making the announcement on January 2nd  2018.