AfricaFocus Bulletin Mar 10, 2010 (100310)
Mar 12, 2010
A 2009 report from the International Fund for Agricultural Development (IFAD) notes that some 30 million African workers outside their countries send home approximately $40 billion a year in remittances. But with only as many "payout" locations on the continent as in one Latin American country (Mexico), the process is expensive and dominated by two large money transfer companies which work primarily with banks.
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