- The e-commerce giant last made a profit in 2019 and has been making losses for the last four years, largely due to the prevailing economic conditions on the continent.
- The CBK on October 8 lowered its benchmark interest rate by 75 basis points to 12 percent—the largest cut since the start of Covid-19 economic hardships in March 2020
- Time and savings deposits have grown faster than demand deposits, signalling the growing appetite for gains from the high returns offered to Kenyans.
- Mbadi reckons that producers have abused the refunds model by not transferring the benefits to consumers, arguing they have been enriching themselves from the reimbursements.
- Dr Amos Mwasamwaja, a consultant gastroenterologist at Aga Khan University Hospital, says chewing gum is often recommended after surgery to stimulate GI movement.
