In the club of profound millionaires, whose capacity to mint cash has more than quadrupled with SportPesa’s runaway achievement, are an ex-Kenya Airways pilot, a shrewd Nairobi Businessman, a female veteran of the betting business, three Bulgarians and as well an American Businessman.
Former chairman of the Kenya Airline Pilots Association (KAPA) Ronald Karauri, businessman Paul Wanderi Ndung’u and Asenath Wachera Maina, the brains behind the controversial ‘Shinda Smart’ lottery, are the principal owners of SportPesa.
Three investors from Bulgaria — Guerassim Nikolov of the ill-fated Toto 6/49 lottery, Valentina Nikolaeva Mineva and Ivan Kalpakchiev as well as American businessman Gene Grand are also in the list of top shareholders of Pevans East Africa, the entity behind SportPesa.
Two other Kenyans, Francis Waweru Kiarie and Robert Kenneth Wanyoike Macharia, also have minority stakes in the betting firm, according to regulatory filings at the registrar of companies. Mr Karauri currently serves as the CEO of SportPesa.