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The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
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The financial sector greatly improved, and Equity Bank Kenya became one of the largest banks in East Africa. Economic growth improved from 2% in 2003 to 7% in 2007. [50] In 2008, the growth slumped to 1% [51] due to post-election violence before returning to an average of 5% between 2009 and 2013.
The National Lottery was introduced to South Africa on 11 March 2000. At the time it was run by Uthingo. [citation needed]After a marketing effort that aimed to reach 80 percent of South African homes directly [5] more than 800,000 tickets were sold in the first day of availability [6] Nearly R70 million worth of tickets were sold in the first three weeks of operation.
In July 2016, the route to Livingstone, Zambia was extended to Cape Town, South Africa. [10] As at July 2016, Kenya Airways served 54 destinations, 44 of them in Africa. [11] In October 2018, Kenya Airways became the fifth African airline to serve the US market when a route to New York–JFK was inaugurated. [12]
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