Photo: Daily News Tanzania
DAR ES SALAAM, TANZANIA: The National Lottery of Tanzania has officially welcomed Ithuba, a South African-based company, as its new management team, marking a significant milestone in the country’s gaming sector.
At a ceremony held at the Hyatt Regency Hotel in Dar es Salaam, it was announced that Ithuba has made a substantial investment of 50bn/- into the National Lottery. This initiative is designed to enhance the lives of Tanzanians and create additional investment opportunities within the nation.
Deputy Minister for Finance, Hamad Hassan Chande, spoke positively about the collaboration between the National Lottery and its new investor, Ithuba Tanzania. He emphasized that the lottery games are set to invigorate the economy while also providing a platform for local talent to flourish.
“This is an important opportunity for economic investment and community development, especially in nurturing young talent. It’s the right time for such an initiative, as the government has heavily invested in the sports sector, and with Tanzania’s football league now ranked sixth in Africa, I believe that we can reach fourth place next year. This is possible,” he stated during the event.
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The National Lottery is projected to generate approximately 2,000 jobs and distribute over 120bn/- in prizes through newly introduced games and draws set to launch in 2025.
Kelvin Koka, Director of ITHUBA Tanzania, expressed his enthusiasm regarding the future of the National Lottery. He described it as a cornerstone for leadership, opportunity, and collective prosperity within Tanzania. Koka envisions that Tanzania and the wider East African region have the potential to emerge as a prominent player in the gambling industry.
“Ithuba has strong confidence in the growth and potential of Tanzania’s gambling market, which is why we are investing here. This is not just about gambling; it’s a significant investment that will benefit lucky winners and all service providers supporting the project,” Koka remarked.
He further noted, “Through this initiative, we aim to make a positive impact on society, particularly by introducing modern gaming technology. It’s a life-changing opportunity.”
In a bid to foster community engagement, Koka elaborated that every ticket purchased will contribute towards community development, ensuring that the advantages are widespread. His objective is to broaden the National Lottery’s influence beyond Dar es Salaam, providing all Tanzanians with the chance to participate.
Oversight of the National Lottery will rest with the Gaming Board of Tanzania, tasked with guaranteeing transparency and fairness in all its operations. This strategic partnership aims not only to boost economic growth but also to enrich the lives of Tanzanians across the country.