{
  "id": 2153689,
  "title": "National Lottery Board appoints transaction adviser for Kenya’s first national lottery",
  "url": "https://urgent.news/2026/08/20/national-lottery-board-appoints-transaction-adviser-for-kenyas-first",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-20T13:57:33.000Z",
  "source": {
    "name": "Capital Business",
    "slug": "capital-business",
    "url": "https://capitalfm.africa/national-lottery-board-appoints-advisers-for-kenyas-first-national-lottery/"
  },
  "original_language": "en",
  "account": "KENYA – The National Lottery Board has selected a consortium comprised of RSM Eastern Africa and Sweden-based QLOT Consulting to serve as transaction adviser for the creation of Kenya's inaugural national lottery, as announced by Board Chair Dr Farida Karoney on Thursday during a press conference in Nairobi.\n\nThe consortium emerged victorious from an open and competitive international bidding process following the tendering of bids in compliance with the Public Procurement and Asset Disposal Act. The evaluation of bids was conducted through the Quality and Cost Based Selection method, factoring in both technical quality and cost considerations. Karoney highlighted the selection process as both rigorous and transparent.\n\nRSM Eastern Africa will contribute expertise in transaction advisory, governance, institutional fortification, and familiarity with Kenya's public-sector, legal, and fiscal landscape. QLOT Consulting, an associate member of the World Lottery Association, will furnish international lottery-sector expertise, encompassing past experiences in national lottery procurements. Their duties will encompass concession structuring, legal guidance, financial forecasting, technical and cybersecurity benchmarks, market outreach, bid assessment, contract formulation, and financial finalization.\n\nKaroney emphasized that the engagement aims to bolster the Board's internal capabilities instead of merely procuring advice. Upon completion of their assignment, the acquired expertise is expected to remain within Kenya. The future National Lottery operator will be licensed and overseen under Kenya's regulatory framework, maintaining contractual responsibility toward the Board for the lottery's integrity, performance, and adherence to good causes obligations.\n\nProceeds from the lottery, after deducting prizes and operational expenses, will be directed to the National Lottery Fund to subsidize public-benefit initiatives. These initiatives are anticipated to cater to charitable and humanitarian endeavors, economic advancement, sports, arts and culture, national heritage, health and education, emergency response, and transformative national projects.\n\nThe Board intends to implement rules-based allocation, independent auditing, competitive scrutiny, and public reporting to foster accountability in the management of the Fund, ensuring a geographical distribution of benefits across various communities. Responsible gaming will also be integrated into the National Lottery's design, incorporating measures such as age verification, play and spending limitations, self-exclusion mechanisms, transparent advertising, disclosure of odds and prizes, public education on gambling-related harm, and research.\n\nThe Board will collaborate with the transaction adviser to establish a transparent and competitive process for identifying a reputable National Lottery operator, although the specifics of the operator-procurement timeline, launch date, and anticipated contract value have not been disclosed.",
  "summary": "Board Chairperson Dr Farida Karoney announced the appointment on Thursday during a media briefing in Nairobi, saying the consortium had emerged as the highest-ranked bidder following an open and competitive international tender.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}