Business Daily | by John Mutua
Parliament has rejected State’s bid to compel betting firms to cede at least 50 percent of their shareholding to Kenyans.
The Interior ministry had sought to change the Gaming Bill to ensure that the Betting Licensing and Control Board (BCLB) only grants or renews operating licences for foreign betting firms where Kenyans own at least 50 percent of the shares.
But the National Assembly Committee on Sports, Culture and Tourism rejected the proposal arguing that formulation of licensing requirements remains the role of BCLB…
