NAIROBI, Kenya, July 3 – Gaming companies contribute more than Shillings 20 billion annually to state and local government budgets in the name of fiscal and parafiscal levies.
They have always supported the state, best demonstrated during the coronavirus pandemic as they strengthened the community with ongoing health donations.
The global economy took the hardest hit in the Corona crisis, against which hardly any sector of the economy resisted.
At that time, companies in the gaming industry saw a 90 percent drop in sales, but employees did not have to worry about financial stability as their jobs remained secure and salaries were paid regularly.
Kenya today is on the verge of becoming an unwelcome environment for investors as individuals work against the interests of the state! This is no joke, 55,000 people working in this gambling industry are scared for their jobs.
Instead of progress, individuals persistently seek to destroy what keeps Kenya’s economic stability and job market even in times of crisis.
The process currently under way is scandalous – to prevent some companies from renewing their licenses and continuing to operate in the market.
This whole concession affair is also hampering the stability of the country’s economy, all because the domestic lobby behind the scenes is trying to eliminate the competition and unfairly take over the business.
The question arises whether the success of individuals in a market or the stability of the entire economy is more important.
Who is behind all this shenanigans and who is trying to sabotage the work of a socially responsible company – we will find out on Monday when the license renewal meeting is scheduled.