Sport Betting in Ethiopia Latest News


Lottery Administration to Amend Betting Directive

The National Lottery Administration is set to amend the directive that governs the betting market in Ethiopia. This comes one year after the administration temporarily stopped issuing new licenses to betting companies.
There are currently 42 active betting companies in Ethiopia. With the Coronavirus pandemic putting a halt to nearly all live sports, betting companies were closed during the rear half of the last Ethiopian year. Nevertheless, they resumed operations in August 2020 after the resumption of major sports leagues.

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Risky Business Sports betting drawing minors, fostering addiction

Is is only recently that sports betting has come to Ethiopia. The companies are often owned in a joint venture with foreigners and their customers are mostly youth including students below 18. Some African countries are considering blocking sports betting in a bid to protect youth but the business is flourishing in Ethiopia.

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Products and Services in Ethiopia

Date: Mar 05, 2021
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)40.210741.0149
Pound SterlingPound Sterling(GBP)53.539054.6098
UAE DirhamUAE Dirham(AED)990.63001,010.4426
Saudi RiyalSaudi Riyal(SAR)970.0100989.4102
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Companies and Businesses in Ethiopia