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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).

Lilongwe tops Airtel tisangalale Promo millionaires

r. Matthews Mtumbuka presenting a cheque to one of last week's winners Mr. Thomas KaundaThe journey to the MK50 million grand prize of the airtel Tisangalale 50 promotion commenced and so far the promotion has made 12 millionares for the past two weeks.

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Malawi Government officials including Presidential spokesman Steven Nhlane do not respond to press inquiries

Press Secretary Steven NhlaneAccording to bloomberg  as they compiled a report on the Malawi treasury-Bill boom and the effects of donor with hold of funds proves what Malawian reporters have always known. Lack of responsiveness from government officials to legitimate press inquiries.

Typical of Malawi government  officials bloomberg reports questions sent to an e-mail address listed on the Ministry of Finance’s website weren’t replied to, while calls to the ministry’s office weren’t answered as well.

Malawi Tobacco rakes in $13.3 million since the Markets opened two weeks ago

Malawi Tobacco FarmerBLANTYRE (MaraPost)--While tobacco growers in Malawi are complaining that prices being offered on the market are on the lower side as compared to the cost of production, the country has raked in over 13.3 million dollars since the tobacco market opened two weeks ago, against 6.8 million dollars the same period last year.

According to Tobacco Control Commission (TCC), the tobacco volumes for the first two weeks hit 11.19 million kilograms against last year's 5 million.

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