Uganda has clarified its new anti-gambling policy, saying it is only directed at international firms that have set up operations in the African nation.
On Monday, Ugandan state minister of finance for planning David Bahati announced that President Yoweri Musuveni had instructed him to issue no new gambling or betting licenses, while those licenses already issued wouldn’t be renewed once their current terms expire.
On Tuesday, Ugandan media quoted Finance Minister Matia Kasaija saying that the new policy was specifically targeted at ‘foreign’ sports betting companies that repatriate revenue from their local betting operations back to their base of operations outside Uganda.
Kasaija said the country was “not banning gaming. We’re saying this activity should be limited to only Ugandans. We have said that licensees that are running will not be renewed and new ones will not be issued to foreigners because we’ve discovered so much of our money is being exported through that gaming thing which as far as I am concerned has little value to the economy.”