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Stanbic Bank
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Stanbic Bank

Multi-billion Kenyan sports betting firm wants Uganda to streamline taxes

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Top Kenyan sports betting company, SportPesa, a new entrant in Uganda’s gaming industry, has called for a better tax system in the country to enhance  betting and gaming activities.
The Chief Executive Officer Sportpesa, Ronald Karauri, made the appeal recently while meeting the Deputy Speaker, Jacob Oulanyah at Parliament.
Karauri said that the existence of informal gaming platforms in Uganda makes it difficult for authorities to tax them as they should since they are difficult to regulate.
“We would like the government to simplify the tax structure especially on withholding tax and tax on gross income. Charging a fee on the initial license and an annual fee would be a better idea. We believe that gross revenue is hard to monitor especially for informal betting shops,” Karauri said.
He proposed that gaming companies should be formally set up and monitored through an online platform in order to weed out the unscrupulous betting set ups. “This will help bring in more revenue and popularise the game,” he said.
Karauri said that SportPesa plans on sponsoring a variety of the local Clubs, especially Express FC, the Federation for Uganda Football Association and the national league.
The Deputy Speaker Oulanyah advised the company to lobby the government, stating that the amendment of any law comes with a proposal of government.
“Revenue laws come once in a year and they might come next year in May.  I suggest that you come in and be part of the change in the law instead of waiting for the proposed amendments to be made before establishing yourself,” Oulanyah said.
The Minister for Youth and Children Affairs, Florence Nakiwala Kiyingi said that SportPesa is primarily engaged in developing the sports sector worldwide.
SportPesa currently operates in Kenya, Tanzania and the United Kingdom, specialising in the development of sports.

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