President Museveni meets sports Investors

Thursday, 27th July 2017
President Yoweri Museveni has today held a meeting with investors from the SportPesa Company at State House Entebbe.

The delegation led by the Minister for Youth, Hon Nakiwala Kiyingi, aims to help the government empower the youth through football and strong regulation of the betting business in Uganda.

Capt. Ronald Karauri, the SportPesa Kenya Director, said there is a gap in funding of sports in many African countries but added this can be solved through good regulation of the sports betting business so that governments earn revenue, which can be used for youth funds.

He explained that with good online sports betting regulations, such as paying gambling licenses, the government could earn revenue which can be used to empower the youth so that the youth could stop spending their days at sports betting kiosks and grow to appreciate engaging in meaningful activities.

Mr. Karauri said SportPesa Company looks forward to sponsoring one of the local leagues in Uganda, like other betting companies do in the English Premiership League.  9 out of the current 20 Clubs in the English Premier League for the 2016/17 season, are sponsored by gambling companies who act as their main shirt sponsor. Some of these include Dafabet, which sponsors Sunderland and Barnley and Mansion, which sponsors Bournemouth and Crystal Palace.

The President of the Federation of Uganda Football Association (FUFA) Moses Magogo, the Chairman, Gaming Authority Uganda, Manzi and Directors of SportPesa Pavel Alarkov (Tanzania), Tarimba Abbas (UK), Joshua Baguma (Spain) and Dennis Matanda (USA) attended the meeting. The delegation presented to President Museveni a soccer ball and SportPesa shirt signed by Mr. Ronald Koeman, Manager of the English soccer team, Everton. ENDS