Sharp Daily
No Result
View All Result
Saturday, August 9, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya approves new policies to promote responsible gambling

Editor SharpDaily by Editor SharpDaily
October 6, 2023
in News
Reading Time: 2 mins read

In a significant move to tackle the escalating issue of irresponsible gambling and its adverse socio-economic consequences, Kenya’s highest policy-making body has given the green light to a comprehensive set of measures.

This move was published in a despatch released following a cabinet meeting held at State House on October 3, 2023. The meeting focused on various policies, reform proposals, and bills geared towards the implementation of the Administration’s socio-economic blueprint, the Bottom-Up Economic Transformation Agenda (BETA).

The newly approved Gambling Policy, 2023; the Gambling Control Bill, 2023; and the National Lottery Bill, 2023 are poised revolutionize the country’s approach to gambling and betting.

If approved by Parliament, these legislative proposals will replace the outdated legal framework established in 1966, which has proven
inadequate in regulating the complexities of modern gambling practices in Kenya.

RELATEDPOSTS

Populist policies are failing Kenyans — It’s time for accountability and impact

March 11, 2025

Precision in prose: How legal writing shapes modern law

October 17, 2024

Read more: The rise of short-term rentals in Nairobi: A win-win for hosts and guests

The focus of these new policies is to instil a culture of ‘responsible betting and gambling’ within the nation. By encouraging a more mindful approach to these activities, the government aims to mitigate the harmful consequences that unchecked gambling can bring to individuals and communities.

Notably, the legislation also incorporates stringent measures to combat money laundering, aligning Kenya with international standards of financial integrity.

Under these proposed changes, Kenya is set to usher in a new era of gambling governance. The emphasis on responsible gambling signifies a shift from mere regulation to fostering a societal awareness about the potential pitfalls associated with excessive betting and gambling habits. This move not only protects vulnerable individuals but also promotes a healthier national attitude towards these activities.

The new policies mark a significant step forward, reflecting the government’s commitment to curbing the negative impacts of gambling and betting while promoting responsible behaviour. As the legislative proposals await approval in Parliament, Kenya stands poised to set a precedent for responsible gambling practices in the region, demonstrating a proactive stance in safeguarding its citizens’ well-being and financial security.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Why holding dollars makes sense for preserving wealth from devaluation

Next Post

Standard Group seeks more job cuts with voluntary early retirement offer

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 2025

The hidden cost of outdated economic statistics

August 7, 2025

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024