Betting firms’ shutdown may cut M-Pesa revenues

A man stands at the entrance of a Betin shop in Nakuru, where gamblers could track the progress of their bets on large screens. The shops have since closed. [Harun Wathari, Standard]

Safaricom's M-Pesa revenues are expected to take a hit following the shutdown of two of Kenya’s largest betting companies.

SportPesa and Betin last week closed shop in Kenya following what they said were punitive taxes and a hostile business environment.