Tanzania
2 articles tagged "Tanzania".
African Regulators Convene in London to Boost Collaborative iGaming Frameworks and Launch Safer Gambling Initiative
African gambling regulators, hosted by the African iGaming Alliance in London, advanced collaborative efforts on licensing, taxation, and player protection. A key outcome was the progression of "Africa Safer Gambling Week," a continent-wide initiative to promote responsible gambling through coordinated education and messaging.
Tanzania to Implement 5% Excise Duty on Betting Stakes, Targeting $28.4 Million in New Revenue
Tanzania will impose a 5% excise duty on betting stakes starting in the 2026/27 financial year, aiming to generate an additional $28.4 million in revenue. The tax, announced by Finance Minister Khamis Mussa Omar, covers all forms of gambling and allocates 10% of proceeds to the Gaming Board for regulation and addressing addiction, while the market itself is projected to grow significantly to over $1 billion by 2031.