Africa CEOs warn online gambling harms household budgets

7 articles · Updated · Bloomberg · May 11

Business leaders say rising betting across the continent is diverting spending away from groceries, entertainment and mobile phone bills.
They warn the trend is draining customer wallets and squeezing disposable income that would otherwise flow to everyday consumer purchases.
The concerns from heads of some of Africa's biggest companies highlight growing alarm over gambling's effect on household finances and broader consumer demand.

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