E Kenya Resumes Its Economy Amid Growing Cases

Just like almost every other country all over the world, Kenya is experiencing some of the major changes and challenges in society as well as in the economy, because of the over coronavirus and the global pandemic. No one is having it easy, and neither is Kenya. Though the countries can not afford to be in stagnation mode for very long. 

Despite the very challenging period of time and many issues to be tackled, Kenya has made a decision to make certain steps towards economic recovery. Although the number of cases of COVID-19 infected patients is still increasing, and some people might find this decision unacceptable, the government officials and authorities have made it clear that the country's economy has to move. 

With this being said, it should be mentioned that one of the biggest industries in Kenya, with the majority of the population being involved in gambling and betting. Those are two major activities for Kenyans. For a long period already people were not allowed to place bets on their favored sports activities, though it was announced last week that Kenyan punters will be able to participate in the betting process with sports betting operator SportPesa once again. 

Photo by Yonko Kilasi on Unsplash

The effect on the industry 

This has been especially good news for the operators as well as for the punters. One of the biggest betting operators SportPesa exited the local market back in 2019, because of the loans and debts which were on the side of the county. Though, after a long period of negotiations and certain new regulations the betting operator is back on the market. 

The news was official via the official page of the ke.SportPesa.com. A similar attempt to bring the betting operator back to the market was one month ago, though unsuccessfully. This time it is real, despite the many roadblocks. 

The prolonged tax dispute between the betting Reparto and Kenya Revenue Authority, KRA, led to the suspension of its license by the Betting Control & Licensing Board (BCLB). SportPesa’s return came via a new BCLDB licensee, Milestone Games Ltd, which is majority controlled by SportPesa CEO Ronald Karauri.

1 2 3
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
William K. 1 month ago Member's comment

In some countries it seems that the government policies favor the friends of the government far more than the health of the citizens, I regard that as unfortunate for the humans.

Angry Old Lady 1 month ago Member's comment

Yes, many countries. And not just in the developing world. In our own country, #Trump always puts his own interests, and the interests of his fellow elites, above the rest of the country.

William K. 1 month ago Member's comment

I have been noticing that for his whole term. No wonder he lost, a lot of other folks saw it also.