By Kampala Post Reporter
President Yoweri Museveni has held a meeting with the delegation of investors from the SportPesa Company at State House Entebbe on Thursday.
The delegation led by the Minister of State for Youth and Children Affairs, Hon Nakiwala Kiyingi, aims at helping the government to empower the youth through football and strong regulation of the betting business in Uganda.
The Director of SportPesa Kenya, Capt. Ronald Karauri said that there is a gap in funding of sports in many African countries but added that this can be solved through good regulation of the sports betting business so that governments earn revenue, which can be used for youth funds.
He explained that with good online sports betting regulations, such as paying gambling licenses, the government could earn revenue which can be used to empower the youths so that they could stop spending their days at sports betting kiosks but engaging themselves in meaningful activities.
Mr. Karauri said SportPesa Company looks forward to sponsor one of the local leagues in Uganda, like other betting companies do in the English Premiership League.
It should be noted that 9 out of the current 20 Clubs in the English Premier League for the 2016/17 season, are sponsored by gambling companies who act as their main shirt sponsor. Some of these include Dafabet, which sponsors Sunderland and Barnley and Mansion, which sponsors Bournemouth and Crystal Palace.
The President of the Federation of Uganda Football Association (FUFA) Moses Magogo, the Chairman, Gaming Authority Uganda, Manzi Tumubweine and Directors of SportPesa Pavel Alarkov (Tanzania), Tarimba Abbas (UK), Joshua Baguma (Spain) and Dennis Matanda (USA) attended the meeting.
The delegation presented to President Museveni a soccer ball and SportPesa shirt signed by Mr. Ronald Koeman, Manager of the English soccer team, Everton.
This company has however joined the strong waves of competition in Uganda since there are over twenty other betting companies, these include; Sports Betting Africa, Elite bet, Top bet, Gals bet, Kings bet, Betin, Fortune bet, Home bet, Bet power, 256 bet, Max bets, plus many other mushrooming betting companies.