Uganda envisions an annual revenue of Shs 147bn from the lottery.
The Ugandan government granted Ithuba Uganda, a South African firm subsidiary, a 10-year license to manage the national lottery.
Finance Minister Matia Kasaija highlighted the aim to generate public funds and aid social causes through this collaboration.
Kasaija hailed this partnership as a symbol of unity and potential for strengthening Uganda’s relations with South Africa.
He emphasized that the agreement with Ithuba would support national budget implementation and initiatives in public infrastructure, education, health, and sports development.
The government anticipates Shs 87bn from tax revenue and Shs 60bn from non-tax revenue, translating to an average annual income of Shs 147bn.
Operated through the National Lotteries and Gaming Regulatory Board (NLGRB), the national lottery is set to make a significant impact on Uganda’s socio-economic landscape.
Bob Kabonero, Chairman of Ithuba Uganda, described the initiative as more than a game of chance, positioning it as a strategic tool with far-reaching effects on society.
Kabonero noted that the lottery offers an alternative method of revenue generation that engages citizens, promoting responsible participation and aligning with citizen empowerment goals.
With the agreement signed, Ithuba will initiate ordering lottery machines, developing necessary infrastructure, and conducting awareness campaigns.
Participation is for those aged 18 and above, promoting responsible gambling.
Despite concerns raised in Parliament regarding regulatory laws, NLGRB officials affirmed their diligence in selecting Ithuba as a “fit and proper” company for the national lottery operation.
Ithuba’s investment of $15 million to launch the national lottery reflects its commitment to the venture.
The UK’s National Lottery, established in 1994, has raised over £43 billion for charitable purposes.
Ithuba, holding the license for South Africa’s national lottery, operates as the sole lottery provider, utilizing ticket sales for funding distribution to winners and designated sectors.
It significantly contributes to socio-economic development and transformative change.
