Actually there's more to it.
Dangote also plays a card of reputation.
He could get the same deal without getting an interest charged. Lemme explain in corporate sense.
When a company like safaricom has cash deficit, it will seek Letters of Credits from banks to facilitate trade finance. Safaricom having a reputable name any bank will come to the rescue without safaricom being charged, it becomes more like swaps to ensure it remains as it is.
Any bank will give Dangote capital because of reputation. Maybe we should call it reputational finance π
And in this case the interest for someone like him would not even hit 2%.
What's one tradition you picked as a child and embraced as an adult?
Mine is making chapatis.
For some reason it reminds me of my creativity.
What's yours ?
The death of OpenAI is going to be Apple.
You can only bite so much.
@elonmusk is pumped on this Lawsuit against Sam Altman and OpenAI on trade secrets.
I think the Lawsuit is going to turnish OpenAI so bad that her investors will lose confidence.
Lemme grab my popcorns.π
@AokoOtieno_@felixronohh I like to think, it takes a more masculine, Intelligent, more calmness and a witty man.
Aoko, is quite informed, she doesn't settle for less either. She has an Orengo spirit. She looks at things from the outside as her name is.
And yes it's a special man.
Africa is deeply hospitable.
For example, if we were friends and you visited me, I would slaughter a chicken for you. Not the GMOs ones but the traditional chicken, some call it the road runner.
I learnt this tradition from my grandma. It's the highest form of honor to your guests.
@yuzu_jpg@X Hi,
I'm building @heko_pay and we are live helping businesses turn high transaction fees into inventory and other assets and services of their own choosing