Blow as SportPesa withdraws all sponsorships on clubs and unions

Is this end of sports' development in Kenya?

___6886705___https:______static.pulse.com.gh___webservice___escenic___binary___6886705___2017___6___23___10___Jaro+Soja

This has been confirmed by the firm's CEO Ronald Karauri on Friday in a tweet citing new tax bill coming into effect on January 1st 2018 which recommends that tax on betting, lotteries and gaming activities should be at 35 per cent.

It will be a blow to Kenyan Premier League clubs Gor Mahia and AFC Leopards who have been sponsored by the company.

It will also affect National Super League side Nakuru AllStars and Football Kenya Federation. Kenya Rugby Union, Boxing Association of Kenya and grassroots super eight leagues and tournaments will also be dealt a big blow by the exit.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023

Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023

8 African countries where Rihanna plans to launch her luxury Fenty Beauty products

8 African countries where Rihanna plans to launch her luxury Fenty Beauty products

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Haiwezi, my wife is prettier - Omanyala turns down Huddah’s advances

Haiwezi, my wife is prettier - Omanyala turns down Huddah’s advances

Here are the top 10 cities in Africa where the most rich people live

Here are the top 10 cities in Africa where the most rich people live

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job