• Latest
  • Trending
Betting Cripples M7’s Wealth Creation Agenda as Ugandans Gamble Away PDM, Emyooga Funds

Betting Cripples M7’s Wealth Creation Agenda as Ugandans Gamble Away PDM, Emyooga Funds

03/10/2025
At Visionaries Awards Night 2025, Egyptian  Ambassador Predicts a More Prosperous  Future For Uganda Under Museveni

At Visionaries Awards Night 2025, Egyptian Ambassador Predicts a More Prosperous Future For Uganda Under Museveni

06/12/2025
Kawempe South Update: NUP’s Fred Nyanzi Gains Edge as PFF’s Ssenkungu Drags NRM’s Madina’s Academic Papers to Court

Kawempe South Update: NUP’s Fred Nyanzi Gains Edge as PFF’s Ssenkungu Drags NRM’s Madina’s Academic Papers to Court

06/12/2025
UHRC Steps In to Investigate NUP Supporter’s Death from Recent Kyagulanyi Rally in Iganga

UHRC Steps In to Investigate NUP Supporter’s Death from Recent Kyagulanyi Rally in Iganga

06/12/2025
UHRC Boss Wangadya Reflects on Being the ‘Most Unliked Chairperson’ as Commission Celebrates 30 Years

UHRC Boss Wangadya Reflects on Being the ‘Most Unliked Chairperson’ as Commission Celebrates 30 Years

06/12/2025
Anita Among’s Bold Words in Bundibugyo as Museveni Makes Major Promises to Bakonjo and Bamba

Anita Among’s Bold Words in Bundibugyo as Museveni Makes Major Promises to Bakonjo and Bamba

06/12/2025
Leaders in Bundibugyo Share List of Gains and Demands as Anglican Bishop Tibaijuka Prays God to Feed More Wisdom for Museveni to Continue Leading Uganda

Leaders in Bundibugyo Share List of Gains and Demands as Anglican Bishop Tibaijuka Prays God to Feed More Wisdom for Museveni to Continue Leading Uganda

06/12/2025
Ap. Irene Kauma Sets Pr. Ssenyonga’s Christian Life Church Ablaze as Three-day Life Conference Opens With Divine Revelation

Ap. Irene Kauma Sets Pr. Ssenyonga’s Christian Life Church Ablaze as Three-day Life Conference Opens With Divine Revelation

06/12/2025
Ugandan Entrepreneur Shakes Up East African Liquor Market with Global Premium Brands

Ugandan Entrepreneur Shakes Up East African Liquor Market with Global Premium Brands

06/12/2025
Museveni Unveils Major Infrastructure Plans for Kasese: New Airport, Railway, and Road Projects Set to Transform Rwenzori Sub-region

Museveni Unveils Major Infrastructure Plans for Kasese: New Airport, Railway, and Road Projects Set to Transform Rwenzori Sub-region

05/12/2025
Powerful Alliance Formed to Revamp Uganda’s Criminal Justice System

Powerful Alliance Formed to Revamp Uganda’s Criminal Justice System

05/12/2025
Museveni Unveils Major Infrastructure Plans for Kasese: New Airport, Railway, and Road Projects Set to Transform Rwenzori Sub-region

Museveni Unveils Major Infrastructure Plans for Kasese: New Airport, Railway, and Road Projects Set to Transform Rwenzori Sub-region

05/12/2025
Here Are The Important Questions Scribes Put to Govt Officials at UHRC Media Event

Here Are The Important Questions Scribes Put to Govt Officials at UHRC Media Event

05/12/2025
mulengeranews.com
  • Home
  • NEWS
    • GENERAL NEWS
    • MORNING BRIEFING
    • THE GIRAFFE
    • INVESTIGATIONS
    • INTERVIEWS
  • ECONOMY WATCH
    • BUSINESS NEWS
    • BUSINESS FEATURES
    • ENERGY
    • OIL & PETROLEUM
  • HEALTH & LIFESTYLE
  • GOSSIP
    • CORPORATE BUZZ
    • POLITICAL TRIVIA
    • CELEBRITY VIBE
    • CORPORATE EVENTS
  • UPCOUNTRY
    • UPCOUNTRY FEATURES
    • UPCOUNTRY NEWS
  • FLASHBACK
    • HISTORY-INSPIRED ARTICLES
    • POLITICAL SERIES
  • More
    • EDUCATION
    • MATTERS OF FAITH
    • CHRISTIAN FAITH
    • MUSLIM FAITH
    • P’PLE PROFILES
    • WEDDINGS & MARRIAGES
    • CONTACT US
No Result
View All Result
  • Home
  • NEWS
    • GENERAL NEWS
    • MORNING BRIEFING
    • THE GIRAFFE
    • INVESTIGATIONS
    • INTERVIEWS
  • ECONOMY WATCH
    • BUSINESS NEWS
    • BUSINESS FEATURES
    • ENERGY
    • OIL & PETROLEUM
  • HEALTH & LIFESTYLE
  • GOSSIP
    • CORPORATE BUZZ
    • POLITICAL TRIVIA
    • CELEBRITY VIBE
    • CORPORATE EVENTS
  • UPCOUNTRY
    • UPCOUNTRY FEATURES
    • UPCOUNTRY NEWS
  • FLASHBACK
    • HISTORY-INSPIRED ARTICLES
    • POLITICAL SERIES
  • More
    • EDUCATION
    • MATTERS OF FAITH
    • CHRISTIAN FAITH
    • MUSLIM FAITH
    • P’PLE PROFILES
    • WEDDINGS & MARRIAGES
    • CONTACT US
No Result
View All Result
mulengeranews.com
No Result
View All Result
Home NEWS

Betting Cripples M7’s Wealth Creation Agenda as Ugandans Gamble Away PDM, Emyooga Funds

by Mulengera
7 months ago
in NEWS
0 0
Betting Cripples M7’s Wealth Creation Agenda as Ugandans Gamble Away PDM, Emyooga Funds
Share on FacebookShare on Twitter

By Aggrey Baba
During a recent heated parliamentary session, Hon. Dicksons Kateshumbwa, the Sheema Municipality MP, sounded the alarm over Uganda’s growing addiction to betting, revealing that even government-funded poverty eradication money like Emyooga and Parish Development Model (PDM) funds are now being gambled away in betting walls.

Speaking on the new “Betting Gateway” tax policy, Kateshumbwa expressed concern that betting has become a lifeline for many unemployed Ugandans, despite its dangers, how someone at a betting center in my constituency where staked UGX 1 million, hoping to win 10, but he lost, he nearly ran mad.

This painted a picture of the country’s gambling crisis. “Let’s be honest. People are betting with government funds meant to fight poverty. Something is fundamentally wrong,” the MP added.

His comments came as was discussing the government’s plan to ban cash transactions in the betting sector and link all betting companies directly to the Uganda Revenue Authority (URA) through a digital platform called the Betting Gateway.

The system, which will monitor bets and winnings in real-time and deduct taxes instantly, has triggered an unrest among owners of betting companies, who say the policy is rushed, insensitive, and likely to destroy thousands of jobs.

One prominent figure in the betting industry, Dr. Innocent Nahabwe, also the CEO of Galaxy Media group, warned that banning cash will cripple operations, especially in rural areas where mobile money services are still unreliable.

“Where do you want these people to go? Let’s not act like betting is a disease. For some youth, this is the only way to earn something, however small. You want to ban cash? Fine. But how do you expect someone deep in village to access a betting app when there’s not even 2G network?”

The Zina boss added that the industry is not against taxation but wants a phased, inclusive process. “We can’t just wake up one day and cut off cash. That’s like kicking the ladder while people are still climbing.”

But the architect of the policy, Rwampara County MP Amos Kankunda, defended the move, arguing that the Betting Gateway will help URA plug revenue leakages and enforce tax compliance.

“Betting is not going anywhere. It just has to be regulated properly. You can’t let people graze cows without a fence.”
Many operators fear that the new system will favor big players with strong tech infrastructure while suffocating small local businesses. Others accuse the government of trying to push them out in favor of unnamed “untouchable” companies with connections in big positions. (For comments on this story, get back to us on 0705579994 [WhatsApp line], 0779411734 & 041 4674611 or email us at mulengeranews@gmail.com).

Post Views: 1,835

Related Posts

At Visionaries Awards Night 2025, Egyptian  Ambassador Predicts a More Prosperous  Future For Uganda Under Museveni
NEWS

At Visionaries Awards Night 2025, Egyptian Ambassador Predicts a More Prosperous Future For Uganda Under Museveni

1 day ago
Kawempe South Update: NUP’s Fred Nyanzi Gains Edge as PFF’s Ssenkungu Drags NRM’s Madina’s Academic Papers to Court
NEWS

Kawempe South Update: NUP’s Fred Nyanzi Gains Edge as PFF’s Ssenkungu Drags NRM’s Madina’s Academic Papers to Court

1 day ago
UHRC Steps In to Investigate NUP Supporter’s Death from Recent Kyagulanyi Rally in Iganga
NEWS

UHRC Steps In to Investigate NUP Supporter’s Death from Recent Kyagulanyi Rally in Iganga

1 day ago
UHRC Boss Wangadya Reflects on Being the ‘Most Unliked Chairperson’ as Commission Celebrates 30 Years
NEWS

UHRC Boss Wangadya Reflects on Being the ‘Most Unliked Chairperson’ as Commission Celebrates 30 Years

1 day ago
Anita Among’s Bold Words in Bundibugyo as Museveni Makes Major Promises to Bakonjo and Bamba
NEWS

Anita Among’s Bold Words in Bundibugyo as Museveni Makes Major Promises to Bakonjo and Bamba

1 day ago
Leaders in Bundibugyo Share List of Gains and Demands as Anglican Bishop Tibaijuka Prays God to Feed More Wisdom for Museveni to Continue Leading Uganda
NEWS

Leaders in Bundibugyo Share List of Gains and Demands as Anglican Bishop Tibaijuka Prays God to Feed More Wisdom for Museveni to Continue Leading Uganda

2 days ago

  • #13266 (no title)
  • Contact
  • Home
  • Homes

Copyright © 2025 All Rights Reserved by Mulengera News.

No Result
View All Result
  • #13266 (no title)
  • Contact
  • Home
  • Homes

Copyright © 2025 All Rights Reserved by Mulengera News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?