The acquisition of equity on HotelOnline for an undisclosed amount enables the Asian travel company to make sales and introduce its travel-based SaaS (Space as a service) technology in Africa. This is part of the $1.7 billion investment that the Korean company raised last year from SoftBank Vision Fund 2, one of the world’s largest technology-focused investment funds.

Yanolja is scheduled to go public on NASDAQ in 2023 and they have the backing of global travel leader Booking.com.

Jongyoon Kim, CEO of Yanolja Cloud has been on the record emphasizing the need to enter into a partnership with a major African travel entity and the pursuit seem to have been achieved.

Cashlet has been developed by Sycamore Capital Ltd, and it works in partnership with regulated fund managers in Kenya, to allow users to invest in unit trust products in simple, fully digital, and modern way.

The initial partner fund managers include ICEA Lion Asset Management, Old Mutual, and Genghis Capital.

The app seeks to pioneer saving and investing flexibility, life goals creation and tracking, market interest rates, financial visibility, and expert support.

Data by the World Bank reveals that at least a quarter of the African population…

Demand for credit remains high from financially-stressed consumers. Banks and lending institutions had emerged as…

The Kenya shilling depreciated by 0.7 percent against the US Dollar to close the month…

Concerns about the pandemic especially with new fast spreading mutations, heightened political activity and uncertainty around the shape of business and economic recovery continues weighing heavily on risk asset pricing in the local market.

The distribution of vaccines is off to a slow start especially in the developed countries while locally, news flow indicate vaccines will be available later this month than as previously indicated.