SportPesa Drops Directors And Looks To Russia, Emerging Markets

Kenyan bookmaker SportPesa has reshuffled its directors and acquired a Russian company, as it continues to divert assets away from Africa amid legal wrangling in its domestic base.

Three directors of its Isle of Man subsidiary, Aidan Davin and Barry Smith, both of Isle of Man consultancy Equiom, and SportPesa shareholder Valentina Mineva resigned on December 31, 2018, according to papers filed in the offshore hub where the company is licensed.

The trio were replaced by by SportPesa’s African chief executive Ronald Karauri, majority shareholder and founder Gene Grand, of Kenya, and Kalina Karadzhova, who has an Isle of Man address on the filings and a Gran Canaria address in the shareholder listings.

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