Betting in Kenya
KRA Eyes Betting Billions With 20% Stake Tax
If Members of Parliament approve it, the excise duty excise duty on cash wagered on betting, gaming, prize competition and buying a lottery...
MARTIN SIELE
![Media Media houses in Kenya, like many of their counterparts around the world, make money from SMS-based interactive events. [Photo/ Freelancing Hacks]houses in Kenya, like many of their counterparts around the world, make money from SMS-based interactive events.](https://businesstoday.co.ke/wp-content/uploads/2021/05/how-much-do-illustrators-make.jpg)
Media Gaming Frenzy: Kenyan TV, Radio Stations Minting Millions
The big 4 of Kenyan mainstream media - Royal Media Services (RMS), Nation Media Group (NMG), Standard Group Plc and Radio Africa Group...
BUSINESS TODAY
![If the excise duty is reinstated, betting firms in Kenya are likely to report lower revenues. The government has maintained its stance on mitigating negative societal effects of sports betting through taxation and enhanced regulation.[Photo: YogoNet]](https://businesstoday.co.ke/wp-content/uploads/2021/05/Sports-betting-mistakes-696x391-1.png)
Return of 20% Betting Tax Spells Doom for Big Players
If it becomes law, the taxman would take Ksh20 of every Ksh100 wagered, regardless of whether the punter wins or loses.
MARTIN SIELE
Odibets Launches Free Browsing on its Betting Platform
Feature allows betting fanatics to place bets without bundles on the Odibets platform after the firm signed a partnership with Safaricom.
BT Reporter
Eldoret Betting Fan Wins Sh333,542 From a Sh500 Stake
The winner, beaming with joy, indicated that he would use part of his winnings to add stock to his electronics shop in Eldoret.
BT Reporter
SportPesa Hangover Leaves Betting Firms in Crazed Race for Market
Existing Kenyan betting companies have been offering outrageous goodies to lure customers and dominate the industry, recently disrupted by the exit of SportPesa...
BT Correspondent
For Africa to Get Its Share of the Pie, It Must First Bake It
The lessons of history also confirm that the greatest creator of tax revenues and fiscally sustainable jobs is the private sector
GREG MILLS
Report lays bare Kenyans’ insatiable attachment to porn, betting websites
Two porn websites and three betting sites feature among the top 10 websites that Kenyans frequent, a new report by Nendo, a Kenyan...
Samuel Gitonga
