International Monetary Fund (IMF) Managing Director Kristalina Georgieva has warned that the global economy faces a "much worse outcome" if the Middle East war continues, citing potential impacts on inflation and growth.

• A prolonged conflict reaching 2027 with oil prices at $125 per barrel could lead to a "much worse outcome" for the global economy.
• The warning comes from Kristalina Georgieva, Managing Director of the IMF.
• The IMF has already activated an "adverse scenario" with current conditions including sustained oil prices above $100 per barrel and rising inflation, projecting global growth of 2.5% and inflation of 5.4% for 2026.

Regulators and investors are warning that Africa’s burgeoning betting and gaming sector could be hampered by inconsistent tax policies, potentially deterring investment and reducing tax revenues.

• Kenya collected Sh31 billion from betting and gaming in the 2024/25 financial year, highlighting the sector's growing contribution to the tax base.
• Key organizations involved include the Gambling Regulatory Authority (GRA) of Kenya and the Africa iGaming Alliance.
• Industry leaders are advocating for harmonised policies across African nations to reduce compliance costs and foster cross-border scalability, rather than fragmented regulatory regimes which increase costs and limit growth.

A coalition of Kenyan lobby groups, including Oxfam Kenya and Transparency International Kenya, has petitioned Parliament to compel the government to release the International Monetary Fund (IMF) Governance and Corruption Diagnostic Report on Kenya.

• The report, completed last year, assesses governance weaknesses and corruption vulnerabilities affecting public resource management in Kenya.
• The lobby is urging National Assembly to direct the State to make the full report public within 30 days and outline planned actions to address identified risks.
• The IMF conducted the diagnostic assessment between June 16 and June 30, 2025, after the Kenyan government invited the review.