Home Business Kenyans place Sh83.2bn M-Pesa bets in six months

Kenyans place Sh83.2bn M-Pesa bets in six months

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Business Daily | by Victor Juma


Kenyans spent Sh83.2 billion to place bets in the six months to September through Safaricom’s M-Pesa platform alone, underlining the gambling craze that has become a national pastime.

The telco’s disclosures show that the value of the bets jumped 69 percent from Sh49.2 billion a year earlier. Safaricom, the Kenya Revenue Authority (KRA) and betting firms are.

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