Uganda sports betting ban hits SportPesa expansion - 3 weeks ago, 18:18
Uganda has banned sports betting, dealing a blow to local firms like SportPesa that set shop in the country with an eye on gaming billions.
The country’s Finance minister David Bahati said President Yoweri Museveni had ordered that no new sports betting company should be licensed Uganda and permits for existing ones be renewed.
“We have received a directive from President Museveni to stop licensing sports betting, gaming and gambling companies,” Mr Bahati was quoted saying last weekend.
The minister who spoke during a church function said the decision had been taken “because sports betting companies have diverted the attention of youth from hard work.”
This deals a blow to firms that had looked to Uganda as the new frontier for growth. SportPesa started operations in Uganda in late 2017.
President Museveni’s position is a departure from 2017 when he hailed SportPesa entry into Uganda, arguing it was a boost to the sports industry.
“The group ...
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