Terms of Reference drawn up for lottery

The Lottery Board of Namibia has drafted Terms of Reference (ToR) that will lead to the appointment of a licensee to operate what will become Namibia’s first lottery. This is according to the board's chairperson, Michael Mutonga who said funding would now be required to move ahead with the establishment of the lottery. “We have drafted a ToR to appoint a licensee to run the lottery. As soon as we have funding, we will send out the ToR,” Mutonga said. Asked how the work of his board would be impacted if the lottery did not come to light within a reasonable time frame, Mutonga said his board stood ready to assist the ministry and potential new board to set up the lottery. “The minister will decide on the new board of directors. We will take the new board through what we have done, we will prepare a report and we will be there to assist them,” Mutonga said. Mutonga had previously mentioned that upwards of N$100 million would be required to operate the country’s first lottery fund. “One of the requirements that is very fundamental and is in the law is that you need to put a guarantee of about N$100 million. I know people are concerned about that, but you have to understand the purpose of those 100 million. If the operator defaults and runs away from Namibia, it's for the board to pay all people who have bought tickets from this operator,” Mutonga was previously quoted as saying. The licensee, which will be governed by the Lotteries Board, will run the state lottery for eight to ten years.According to the Institute for Public Policy and Research (IPPR), a law allowing for a state lottery has been in place since 2002.

Terms of Reference drawn up for lottery

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Republikein 2025-04-02

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Terms of Reference drawn up for lottery

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