In Summary
  • Trade parliamentary committee chairman Kanini Kega says closure of the two firms will help improve the lives of the youth.

  • Gambling, he says, has made some of youth become addicts and unproductive.

  • SportsPesa’s and Betin’s exit has little, if any, impact on the Kenyan economy, he adds.

As some Kenyan betting fans face Monday blues over the exit of SportPesa and Betin from the Kenyan market, a parliamentary committee chairman Kanini Kega is a happy man.

Mr Kega, who heads the National Assembly Committee on Trade, says the closure of shop of the two firms will help improve the lives of the youth.

Gambling, he says, has made some of youth become addicts and unproductive members of the society.

“Betting does not create wealth,” he said on Sunday at Kabiruini PCEA in Nyeri.

“It is unfortunate that the two firms closed shop. I know a few people who were employed lost their jobs, but I insist that the kind of companies we are going to support are those that come in terms of industries that will create job opportunities for our people but not addiction.”

LITTLE IMPACT

Mr Kega said although the government welcomes foreign investors, the mushrooming of betting firms was not beneficial to the economy.

SportsPesa’s and Betin’s exit, he said, has little, if any, impact on the Kenyan economy.

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