Africa: Online Market Update
allowing the enactment of the Tax Laws (Amendment) Act 2024. In April head of the Betting Control and Licensing Board (BCLB) Dr Jane Mwikali Makau, clarified that the taxes related to the gambling sector (gaming and betting, excise duty on stakes and withholding tax on winnings) totalled Ksh 22.3 billion in FY 2023/2024. In addition, the Kenya Gambling Control Bill if approved
will make major changes to the way online gambling is regulated. Te initiative to draft a new law began in 2019 and was published on 31 October 2023. Te legislation was approved by the National Assembly in February and is currently undergoing mediation between the Senate and the National Assembly. It will in all likelihood be passed into law by President William Ruto. Te bill covers online gambling in some detail. Crucially
foreign gambling operators may only receive a license if they are registered in Kenya and have a physical address in the country, among other requirements. Operators can apply for an online bookmaker's licence, an online lottery licence and an online casino licence. Under new proposals the authority is also tasked with establishing a framework for the real-time monitoring of casinos and online gambling activities, accessible to the Communications Authority of Kenya and relevant government agencies.
Winners Tax Scrapped 4 Ghana
Ghana scraps its 10 per cent tax on winnings after President Mahama fulfilled his pledge to ease financial pressure and boost growth.
One of the most contentious issues in the gambling industry in Ghana has been the 10 per cent tax on winnings. Originally introduced in 2015 and abandoned in 2017 due to implementation challenges and stakeholder protests, it was reintroduced in August ‘23. However, in August 2024 John Dramani Mahama, the
National Democratic Congress (NDC) presidential candidate, vowed to eliminate the tax on sports betting and lottery winnings if elected in the upcoming election which he won in December 2024. Earlier this year he formally signed into law bills abolishing several taxes including the gambling tax as part of a wider series of measures aimed to reduce the financial strain on Ghanaians and promote economic growth.
119
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170
