Sunbet Sporting International’s Entry into Africa’s Expanding Sports Betting Market

06.11.2024

Sunbet Sporting International Limited is set to launch in early 2025 with a strong financial foundation and ambitious goals to reshape Africa’s sports betting industry.

Aiming to Dominate Africa’s Sports Betting Sector

Sunbet Sporting International Limited, backed by four influential African billionaires, is poised to enter the sports betting market with the ambition to become the continent’s largest and most advanced platform.

Leveraging substantial financial resources and a highly skilled team, Sunbet aims to quickly secure a significant foothold across Africa, according to company spokesperson Akin Adeshola Babatunde.

“Our financial backers have been instrumental in positioning Sunbet for success. With their investment and guidance, we have the means to create an unparalleled sports betting experience that will cater to millions of sports fans across Africa,” Babatunde stated.

A Market Primed for Growth

Africa’s sports betting industry is on a robust growth trajectory, with an estimated annual value of over $1.5 billion. Reports from the African Sports Betting Association and PwC project continued double-digit growth, spurred by rising internet access, increased mobile usage, and a deep-rooted passion for sports, especially football.

Sunbet plans to distinguish itself with state-of-the-art technology and a commitment to responsible gaming, positioning itself as a top choice for users.

“Sunbet will offer a seamless, secure, and exciting betting experience with a focus on live betting and mobile-first innovations. We will be leveraging the latest technologies to ensure our customers get the best odds, real-time updates, and reliable payouts, setting new standards for the industry,” Babatunde noted.

Financial Backing from Africa’s Elite

Sunbet’s entry is supported by some of Africa’s wealthiest and most influential figures, who bring decades of experience in finance, technology, and business development. These investors are expected to provide not only capital but also strategic insight and networking opportunities critical for Sunbet’s growth.

“Our investors are not just providing capital; they are bringing vast business expertise and networks that will help Sunbet scale across key markets in Nigeria, Ghana, Kenya, and South Africa. Their support is critical to our goal of becoming the go-to platform for sports enthusiasts across the continent,” Babatunde added.

Targeting Key Markets Across the Continent

Initially, Sunbet’s launch will concentrate on prominent markets in West, East, and Southern Africa, with Nigeria, South Africa, and Kenya among its primary focus areas.

The company also plans to partner with local sports organizations and associations, aiming to strengthen its role in Africa’s sports ecosystem and engage with fans from grassroots to professional leagues.

“We are committed to supporting Africa’s sports industry at every level, from grassroots to professional leagues,” Babatunde affirmed.