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Kenya sets up multy-agency group to regulate cryptocurrencies and digital assets Cryptocurrencies KenyaKenya is establishing a multy-agency group to oversee cryptocurrencies and digital assets, as announced by Njuguna Ndungu, the National Treasury Cabinet Secretary. This move comes in response to the rise of virtual asset trading and online investment scams, prompting warnings from the Central Bank of Kenya (CBK) and other financial regulators against unlicensed financial products and services.April 23, 2024 -
In Kenya court orders Betika to pay Sh500,000 jackpot prize KenyaIn Kenya, Betika, a betting company, lost an appeal challenging a court order to pay its client $500,000 for a winning jackpot bet.April 1, 2024 -
1Stop Translations and Suss Ads unveil strategic alliance for African market expansion KenyaItaly-based 1Stop Translations has formed a strategic alliance with Suss Ads, a Nairobi-based marketing and communication agency, to enhance their services in the African market. This partnership aims to support the growth of iGaming, sports betting, fintech, and legal sectors by offering comprehensive solutions including translation, localization, content writing, SEO optimization, and social med...March 31, 2024 -
Odibets sponsors Kenya Women 3X3 Basketball Team with Ksh 5 Million KenyaIn a significant move towards supporting women in sports, Odibets Kenya's Odimtaani Foundation has announced a generous sponsorship of Ksh 5 million for the Kenya Women 3X3 Basketball Team. This sponsorship underscores the organization's dedication to empowering female athletes and promoting gender equality in sports.March 22, 2024 -
SportPesa launches Tujiamini Initiative empowering Kenyan athletes and clubs KenyaSportPesa, a leading online gaming firm, has launched the innovative Tujiamini Initiative in collaboration with DBA Africa to empower Kenyan athletes and clubs.March 6, 2024 -
Kenya to curb online betting advertising Regulation KenyaOnline betting adverts will be curbed in Kenya. This follows a mutual consent agreement registered by the High Court of Kenya.January 17, 2024 -
Kenyan Gambling Control Bill introduces new regulator Regulation KenyaA bill introduced in parliament this week proposes establishing a new gambling regulatory authority to oversee Kenya's betting and gambling industry.November 16, 2023 -
Kenya's gambling tax revenues up 24 per cent in FY 2022/2023 Regulation KenyaMore than Ksh15.1 billion was collected by the Kenya Revenue Authority (KRA) from excise duty on betting and winnings tax in the 2022/23 financial year ended 30 June. This is according to a Kenya Revenue Authority (KRA) report released this week.July 23, 2023 -
Excise tax on sports betting increased in Kenya from July 1 Regulation KenyaThe excise tax on sports betting and lotteries has increased in Kenya since July 1, 2023. The corresponding provision is contained in the Financial Bill for 2023, adopted by the country's parliament and signed by the country's president, William Ruto.July 12, 2023
