Kampala — Ugandans are set to reap from 750 new jobs after a sh6bn sports betting company was launched in Uganda yesterday.

Gaming International (GI) was launched at a colourful ceremony at Nalubwama Arcade on Ben Kiwanuka street.

GI is an international entertainment company specialising in networked sports betting and virtual games. It has promised a corporate responsibility policy supporting local sports clubs.

"We bring the most advanced sales network technology from the industry leaders. We've also set up the most advanced gaming system in Africa," said company CEO Simon Mpanga.

GI spokesperson Joe Kigozi explained that they are partnering with market leaders like Austria's KEBA AG, Pasha Gaming Group of Turkey, Game Tec Labs of California and Kampala's Computer Frontiers International.

The newcomers, owned 83% by Ugandans and 17% by Swedes, have invested $2m (4bn) in system hardware, software and the setting up of a countrynetwork.

A further $1m (sh2bn) will be spent in setting up a sales network that will lead to the creation of 750 jobs to Ugandans within a period of one year.