The Rwanda Development Board has issued operating licenses to three international betting operators. The approvals for Betway, ElephantBet and ForteBet were confirmed last week to strengthen market oversight.
Regulatory Framework
The licenses were granted through the National Lottery and Gambling Commission. The Rwanda Development Board stated that the approvals aim to enhance regulatory frameworks and expand fiscal policies for the sector. The three companies will now operate under updated compliance requirements.The licensing decisions follow recent efforts to formalize gambling operations across the country. The National Lottery and Gambling Commission will monitor adherence to the new standards.