Betting is slowly destroying Kenya….

Betting will destroy Kenya

IMF is giving us Ksh 240B spread over 3 years ( big ceremony) while our youth blow Ksh 83B in 6 months on betting which means in 3 years we could be talking of Ksh497B on betting more than double what IMF is giving us over 36 months. πŸ˜‡πŸ˜‡πŸ˜‡

Betting is mopping billions from the bottom of the pyramid

Well holding a betting license does not make your business kosher….betting in Kenya is mopping money / funds from bottom of the pyramid ( more so slums) and every young man or woman thinks she will be the next ” big ” winner.

With pomp and colour IMF is giving Kenya half of what our youth spend on gambling

Betting business is global but in Kenya they stopped responsible betting from day 1 . Banks and Safaricom are happy as conduits, but the day the youth have had enough that fire will consume us all.

This is a ticking time bomb.

Mohammed Hersi
Mombasa

Published by Mohammed Hersi

Certified Governance Trainer by Centre For Corporate Governance Nairobi Kenya. Past President Rotary Club Of Mombasa. Past Chairman Kenya Tourism Federation. Passionate about matters Africa.

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