Tag Archives: Remittances
World Remit, has announced a 150 per cent Year on Year growth in 2016 and 10,000 unique transactions performed in December last year. The digital money transfer, World Remit, has grounded its presence in Tanzania and providing money transfer services and the growing demand for instant remittances of over 4 million expatriates living outside the country. The services provided by World Remit allows customers to transfer money from abroad directly to Mobile Money services in Tanzania. The Mobile Money platforms such as Tigo Pesa, Vodacom M-Pesa and Zantel Ezy Pesa Mobile Money accounts makes it easy and convenient for residents in Tanzania to access money from clients, family, and friends in abroad. People in more than 50 countries can send instant, secure transfers to more than 140 destinations through the platform. World Remit According to the announcement, the biggest senders to Tanzania include migrants currently living in the UK, Sweden, Australia, Norway and Canada, among others.
PRAIA, Cape Verde, April 24, 2013/African Press Organization (APO)/ – On March 8, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Cape Verde.1
African Migrants Could Save US$4 Billion Annually On Remittance Fees, Finds World Bank / African migrants pay more to send money home than other migrant groups
WASHINGTON, January 28, 2013/African Press Organization (APO)/ – Bringing remittance prices down to five percent from the current 12.4 percent average cost would put US$4 billion more in the pockets of Africa’s migrants and their families who rely on remittances for survival.
Nevsun Resources Ltd. (TSX: NSU / NYSE Amex: NSU) provided a comment on its approach to human rights at the Bisha Mine in Eritrea, in which Nevsun has a 60% ownership position. Nevsun provided the comment because it anticipates that both the Company and a Bisha Mine subcontractor will be mentioned in a forthcoming report by a non-governmental human rights organization.
The Benghazi incident that took the lives of four Americans has resulted in the resignation of four Department of State (DoS) officials and has cost Susan E. Rice, the current US Ambassador to the United Nations, her chance to head the DoS. Her potential nomination set off a barrage of commentary as those opposed to her nomination were countered by those who supported her. Several reports were written about the “radio-active” candidate and there were some who actually questioned her credentials and there were others who claimed that her “entire career has been based less on solid accomplishment than on her networking skills.”
By Thandisizwe Mgudlwa
A third call for Proposals of the African Development Bank Migration and Development Fund (MDF) has been made.
By Sophia Tesfamariam
after nationwide mobile money launch
1000+ mobile lifeline experts gather in Dubai this month
The title for this year’s African Economic Conference will be “Inclusive and Sustainable Development in an Age of Economic Uncertainty”
Lower fees and technological innovation have resulted in 60% drop in average transaction value as African diaspora remits smaller amounts of money more often.