Kenya orders telecoms firm to shut down betting payments

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Kenya has ordered Safaricom, to stop processing payments for sports betting companies, potentially shutting down a lucrative source of revenue..

Kenya has ordered telecoms firm, Safaricom, to stop processing payments for sports betting companies, potentially shutting down a lucrative source of revenue for the company.

Mr Wambua said such payments should stop, pending the outcome of an ongoing inquiry about their suitability to operate in the country. Responding, through its lawyers, Safaricom said it required time to carry out the order since abrupt implementation would result in shutting millions of users out of funds already deposited in the gaming wallets of the various betting firms.It added that two of the gaming companies had also obtained court orders allowing them to continue their operations without a renewed licence, further complicating the situation.

Online sports betting companies have grown rapidly in the East African nation in recent years, riding a wave of enthusiasm for sports to achieve combined revenue of 204 billion shillings last year.

 

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