Kenya Online Gambling 35% Tax Rate

Kenyan MPs have approved a new 35% tax on gambling companies, in a move that represents a significant increase on the current rate of 7.5%. Earlier this week, legislators had opted not to back a proposed 50% gambling tax put forward by Kenyan President Uhuru Kenyatta, which in turn led to a delay in the country’s Finance Bill 2017. Kenyatta refused to sign the Finance Bill as a direct result of the lack of support for his proposed 50% rate, which, according to Citizen TV, he said would help to discourage gambling amongst the youth of Kenya. However, Kenyatta and…

Finnplay Strengths African Presence

Finnplay has moved to strengthen its presence in the African market by entering into a partnership with Ghanaian-based betting agency Simplebet. Under the agreement, the Finnish-based gaming provider will supply Simplebet with its BillFold sports betting kiosk. The solution, which will be rolled out across Simplebet land-based locations, will enable customers to access a range of sports betting services. “Africa is a rapidly expanding market for sports betting both land-based and online,” Finnplay’s vice-presidnet of sales Erkki Nikun said. “Our BillFold Kiosk Platform is designed for any form of gaming at a physical location. “For Simplebet we integrated a betting…