Taxi-hailing company Yango now offers up to N750,000 in-app loan to drivers in Ivory Coast
Yango's New Financial Service: Yango has launched a "Driver Cash Advance" service in Ivory Coast, allowing drivers to access in-app loans of up to 300,000 CFA ($500) through a partnership with COFINA and Yabx, aimed at improving financial accessibility for drivers and supporting their business growth.
Impact on Financial Inclusion: The initiative utilizes AI and non-traditional credit scoring methods to provide quick and convenient access to loans, promoting financial inclusion and enhancing the gig economy in underserved regions across Africa.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0122 | 0.0163 | 0.0205 | 0.0246 | 0.0288 | 0.0329 | 0.0371 |
| Fibonacci | 0.0163 | 0.0195 | 0.0214 | 0.0246 | 0.0278 | 0.0297 | 0.0329 |
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