Zimbabwe blocks new betting licenses

Zimbabwe has stopped giving out betting licenses in the southern African nation on Tuesday to limit the surge of gambling on sports and lotteries.

Deputy Minister of Home Affairs Ziyambi Ziyambi told Bloomberg that betting needs to be under control, that people are betting everywhere, and that there are too many operators offering services.

According to economist Prosper Chitambara of Labour Economic and Development Institute Research of Zimbabwe, out of the 14m population about 90% are either unemployed or underemployed.

In three months, up until March, about 1000 jobs were eliminated at 76 companies and last year 7000 people lost their jobs, according to the country’s Retrenchment Board