List of Sportpesa billionaire shareholders

Sportpesa was Kenya’s most successful betting firm, owing to its immense offers and sponsorship in the gaming and sporting industry. Its interests had in few years of its operations gone global after it kicked off sponsorship of European based teams.

By the time of publishing this post, Sportpesa was the official sponsor of Hull City and Everton FC, South Africa’s Cape Town City, Kenya’s AFC Leopards, Gor Mahia and Nakuru All Stars and Tanzania’s Simba, Yanga and Singida football clubs.

But little information is known about the investor-faces behind this firm. Prominently, CEO Ronald Karauri is the publicly known individual to having put his stakes in the vibrant gaming company.

Names of Shareholders

Well, the following 10 individuals were the shareholders of Sportpesa in descending order of prominence, as at the date of publishing this post:

1.Gene Grand (American)– 21%

Gene Grand
Gene Grand. /Courtesy

2.Guerassim Nikolov (Bulgarian)– 21%

Guerassim Nikolov
Guerassim Nikolov . /Naibuzz

3.Asenath Wacera Maina (Kenyan)– 21%

4.Paul Wanderi Ndung’u (Kenyan) – 17%

Paul Wanderi Ndung’u
Paul Ndung’u. /Courtesy

5.Ronald Kamwiko Karauri (Kenyan)– 6%

6.Cellini Holdings – 5%

7.Valentina Nikolaeva (Bulgarian) – 3%

8.Robert Kenneth Wanyoike Macharia (Kenyan) – 3%

9.Ivan Kalpakchiev (Bulgarian)– 2%

10.Francis Waweru Kiarie (Kenyan) – 1%

It is important to note that Asenath Wachera Maina together with Paul Wanderi Ndung’u were previously behind the “Shinda Smart” lottery which failed to crack the nut.

Guerassim Nikolov, Valentina Nikolaeva and Ivan Kalpakchiev, on the other hand, are investors from Bulgaria who owned the fallen Toto 6/49 lottery.

The CEO Ronald Karauri is the former chairman of the Kenya Airline Pilots Association. He had worked at Kenya Airways (KQ) for more than a decade rising through the ranks before saying bye in mid-2015.

Read Also: 2 Kenyan Firms Receive World Economic Forum Recognition

Gene Grand is the SportPesa Director of South Africa.

About Ronald Musembi

I read random stuff with a nose for governance and policy. Get in touch with me via

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