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Western firms ‘overcharging for cash transfers to Africa’

Western Union Overcharging AfricansBritish and American money transfer companies -- Western Union and Moneygram -- have been accused of charging clients too much for remittances to Malawi and other African countries and thankfully now the UK government’s consumer watchdog wants their conduct investigated.

The allegation comes amid reports that the excessive charges have resulted into the loss of about $1.8bn a year to the receiving continent from money sent home by the Diaspora in the rest of the world, according to the UK’s leading international development think-tank, Overseas Development Institute (ODI).

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Africa's Mobile money transfer Orange celebrates the 10 millionth Money customer

PRESS RELEASE

(Stéphane Richard (on the right), Chairman and Chief Executive Officer of Orange, gave a bonus to the 10 millionth customer of Orange Money in Dakar, Senegal)Orange Money is now available in 13 countries, including Botswana, Kenya, Uganda, Mauritius, and Egypt (under the name Mobicash)

DAKAR, Sénégal, April 17, 2014/ -- Stéphane Richard, Chairman and Chief Executive Officer of Orange (http://www.orange.com), gave a bonus to the 10 millionth customer of Orange Money in Dakar, Senegal: Ms Kanny G., who had gone to an Orange Money outlet to open an account, was surprised to learn that she had won a smartphone with an Orange Money credit of 100,000 FCFA (152 euros).

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