Betting firm Betin has said it will start closing its outlets countrywide following a disagreement with the government over its operations. "Further to this, we have moved to close our network of 500 retail outlets, forcing a further 2,500 Kenyans to lose their jobs and their livelihood," the statement read. "These policy changes are globally unprecedented and clearly prohibitive to the ongoing commercial existence of the industry," Betin said. "The claim that we have been avoiding paying tax is false, erroneous and affront to our business values. The KRA and Treasury are misguided in their interpretation of the term 'winnings' and as a result, has demanded sums of the money that simply don't exist," Betin said.

Source: The Star October 11, 2019 15:00 UTC