The Finance Minister Matia Kasaija has supported the move by President Museveni to ban Sports Betting in Uganda.
Kasaija however clarified the matter that the move is not to ban gaming in the country but rather foreign betting companies who repatriate their profits back home.
The minister was speaking to a number of journalists at Imperial Royale Hotel on Tuesday during the launch and dissemination of a report on compliance of national budget framework paper.
“We’re not banning gaming. We’re saying this activity should be limited to only Ugandans. We have said that licensees that are running will not be renewed and new ones will not be issued to foreigners because we’ve discovered so much of our money is being exported through that gaming thing which as far as I am concerned has little value to the economy.
“It ends up by taking our very scarce foreign exchange which we earn through very difficult circumstances like growing coffee and other crops,” he said before encouraging youth to work hard,” the minister added.
According to the State Minister for Finance in charge of Planning, Mr David Bahati, President Museveni directed a ban on betting and ordered not to renew or issue licenses. This will encourage the youth to work hard.
Source: Daily Monitor.
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