Dr Chris Kirubi urges youth to bet less, invest more

February 17, 2017
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Dr Chris Kirubi urged youths to instead invest their money in sectors such as agriculture which would have long-term returns./FILE

, NAIROBI, Kenya, Feb 17 – Industrialist and businessman Dr. Chris Kirubi has urged Kenyans to cut down their sports betting activities and concentrate on more important activities such as buying food.

According to the businessman, Kenyans are so engrossed in betting that some would rather sleep hungry in order to place bets.

“We can stop for a while…this craze of betting. People are sleeping hungry because they spent all their money betting,” Kirubi, who is also KEPSA Vice Chair said.

He urged youths to instead invest their money in sectors such as agriculture which would have long-term returns.

Already, fears are in place that thousands of Kenyan youths are quickly becoming betting addicts even as betting dens continue to mushroom all over the country.

Kirubi’s remarks come at a time when changes to the Betting, Lotteries and Gaming Act have been proposed in Parliament.

Sponsored by legislator Jakoyo Midiwo, the bill intends to provide a legal framework for regulating and controlling gambling activities.

As it, the sector is poorly managed, with the government losing millions from the highly lucrative sector.

Broken down, the sports betting industry is worth US$20 million, with Pricewaterhouse Coopers estimated the industry to reach US$50 million in 2020.

Gaming operators have however objected the bill saying it would have a negative impact on the  development of various sporting disciplines in the country.

 

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