NAIROBI, Kenya, Apr 1 – Proprietors within the multi-billion shilling betting and gambling industry have until July 1 to remit what they owe government in the form of taxes or risk having their licenses revoked.
This comes as the government seeks to introduce radical regulatory changes within the sector which Interior Cabinet Secretary Fred Matiangi says might destroy the country’s moral fabric if not controlled.
Speaking during a meeting at the Betting Control and Licensing Board offices in Nairobi on Monday, Matiangi revealed that a myriad of changes have been put in place in a bill that only awaits stakeholders’ input before it is tabled in Parliament.
“I have equally asked the board that within the next 30 days, they give me a status report on betting in the country,” he said.
This will include documenting those running the firms.
He noted that some of the suicide cases recorded in the country have been linked to betting as Kenya’s youth population engage in the activity at 76 per cent, with more than 50 per cent of those coming from a poor background.
“We cannot run a sector where we are indirectly supporting money laundering,” he asserted.
In 2018, he said the sector had revenue of a staggering Sh200 billion but only Sh4 billion was paid to the government as tax.