Nairobi, July 26 -- In just four years, the ownership of Milestone Games Ltd, the holding company that operates the SportPesa brand in Kenya, has moved from being dominated by a few Kenyan tycoons to being led by a UAE-registered company.

The dramatic ownership changes have also seen little-known Commtech Consortium Ltd acquire a 25 per cent stake in Milestone Games, and quietly exit ownership of another company providing the digital platform for Kenya's Social Health Authority (SHA) in a Sh104.8 billion deal.

Business Registration Service (BRS) records show that Commtech Consortium now owns 2,500 shares in Milestone Games, which operates one of Africa's best-known betting platforms in SportPesa.

The share acquisition has made Commtech...