Govt: All betting wins to be paid through Bank of Uganda

A Ugandan borrower counts out cash, highlighting the high cost of credit in the country, where exorbitant interest rates drive many to seek loans from unregulated lenders

The measure, introduced in the Tax Procedures Code (Amendment) Bill, 2025, aims to improve tax compliance and curb illicit financial ...

Sports betting has evolved into a multi-billion-dollar industry, reshaping economies around the world. This article explores the economic implications of sports betting, including its contribution to job creation, tax revenues, and technological advancements, while also addressing potential challenges such as regulation and societal concerns.

How Sports Betting Affects National and International Economy

by JAVIRA SSEBWAMI | PUBLIC EDITOR

27/01/2025

Sports betting has witnessed significant growth in Kenya over recent years, becoming a major contributor to the country's economic framework. ...

After paying the subscription fees, the officer said he was given access to Uganda Bettors Association's fixed games, which he used to place his bet.

Ugandan Security Guard Hits Jackpot with 350m Winnings

27/01/2025

A remarkable tale of fortune has emerged in Uganda, where a security guard has won a staggering 350 million shillings ...

Ugandan Teacher Wins 400m Shillings from Fixed Games

by Julian Ninsiima | Reporter

22/10/2024

Kampala, Uganda - A secondary school teacher in Uganda has won a staggering 400 million Ugandan shillings (approximately $100,000 USD) ...

Betting company errs, pays triple the jackpot to lucky winner

05/10/2024

NAIROBI, KENYA - A local betting company mistakenly paid triple the jackpot amount to a lucky winner, who credits traditional ...

Dont be excited by big odds! Nabakooba cautions graduates on gambling, womanising

by WINNIE NAKAMATTE | REPORTER

02/09/2023

Nabakooba noted that such vices among youth derail their efforts of poverty alleviation and end up being a danger to ...

Tag: Gambling