Huawei partners with WorldRemit to accelerate growth of low cost mobile-to-mobile money transfers to Africa

Leading digital money transfer service WorldRemit (www.WorldRemit.com) and Huawei (www.Huawei.com/en) have announced a partnership making WorldRemit’s international money transfer service available to all partners of Huawei’s mobile money service platform across Africa.

The partnership, which was announced at the GSMA’s Mobile 360 conference (www.Mobile360Series.com) in Dar es Salaam, enables Huawei to add a ready-made solution for remittances – a growing mobile money product offering – to its existing suite of services. By enabling WorldRemit to connect to over 100 million mobile accounts currently using Huawei’s platform, the deal will improve access to mobile money remittance for millions of people.

WorldRemit is the first international remittance company to partner directly with Huawei. The deal is expected to accelerate WorldRemit’s technical integrations with new mobile money operators. Technical integration is frequently a barrier to offering international remittances for mobile network operators (MNO’s), according (http://APO.af/pKFSzc) to the GSMA. Together, WorldRemit and Huawei are lowering that barrier, enabling all Huawei partners to swiftly switch on this service.

“International remittance is a very important mobile money service in Africa, and our partnership with WorldRemit will bring international remittances directly to Huawei’s customers across the continent,” said David Chen, VP of Huawei Southern Africa. “Huawei is committed to providing advanced mobile money platforms and technologies to global mobile money operators.”

Ismail Ahmed, Founder & CEO of WorldRemit, said: “We are delighted to add our remittance offering to Huawei’s extensive range of services for mobile money providers. By making it easier to connect to our service, our partnership will accelerate our ability to introduce our safe, fast and low-cost remittance service to millions of people.”

Huawei built its mobile money services platform to help deliver basic banking transactions in developing countries. The technology is not restricted, and because it works on both smartphones and basic handsets, it has been particularly successful in developing markets.

WorldRemit is the leading global provider of remittances, processing 74% of all international transfers to mobile money accounts coming from money transfer operators. WorldRemit makes sending money as easy as sending an instant message.

Distributed by APO on behalf of WorldRemit.

Media contact:
Phoebe Huang
Public Relations South Africa Region at Huawei
huangman@Huawei.com

Lucas Germanos
Global Lead, PR and Media Relations at WorldRemit
LGermanos@WorldRemit.com

About Huawei:
Huawei is a leading global information and communications technology (ICT) solutions provider. Our aim is to enrich life and improve efficiency through a better connected world, acting as a responsible corporate citizen, innovative enabler for the information society, and collaborative contributor to the industry. Driven by customer-centric innovation and open partnerships, Huawei has established an end-to-end ICT solutions portfolio that gives customers competitive advantages in telecom and enterprise networks, devices and cloud computing. Huawei’s 170,000 employees worldwide are committed to creating maximum value for telecom operators, enterprises and consumers. Our innovative ICT solutions, products and services are used in more than 170 countries and regions, serving over one-third of the world’s population. Founded in 1987, Huawei is a private company fully owned by its employees. For more information, please visit Huawei online at www.Huawei.com or follow us on:
• www.LinkedIn.com/company/Huawei
• www.Twitter.com/Huawei
• www.Facebook.com/Huawei
• www.Google.com/+Huawei
• www.Youtube.com/Huawei

About WorldRemit:
WorldRemit is changing the way people send money.
It’s easy – just open the app or visit the website – no more agents.
• Transfers to most countries are instant – send money like an instant message.
• More ways to receive (Mobile Money, bank transfer, cash pickup, and mobile airtime top-up).
• Available in over 50 countries and 140+ destinations.
• Backed by Accel Partners and TCV – investors in Facebook, Spotify, Netflix and Slack.
WorldRemit’s global headquarters are in London, UK with regional offices in the United States, Canada, South Africa, Singapore, the Philippines, Japan, Australia and New Zealand.

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Categories: AFRICA, African Economics | Tags:

UNICEF Global Press Release with information on Ethiopia: Funding shortfalls threaten education for children living in conflict and disaster zones

Funding shortfalls are threatening education for millions of children caught up in conflicts or disasters, UNICEF said today ahead of the G20 summit in Hamburg.

Of the $932 million needed this year for its education programmes in emergency countries, UNICEF has so far received recorded voluntary contributions of less than $115 million.[1] The funds are necessary to give 9.2 million children affected by humanitarian crises access to formal and non-formal basic education.[2]

“Without education, children grow up without the knowledge and skills they need to contribute to the peace and the development of their countries and economies, aggravating an already desperate situation for millions of children,” said Muzoon Almellehan, UNICEF’s latest – and youngest – Goodwill Ambassador, speaking from Hamburg, Germany, where she is representing UNICEF at the G20 Summit. “For the millions of children growing up in war zones, the threats are even more daunting: Not going to school leaves children vulnerable to early marriage, child labour and recruitment by armed forces.”

Funding gaps for UNICEF education programmes in some of the world’s hot spots vary from 36 per cent in Iraq, to 64 per cent in Syria, 74 per cent in Yemen and 78 per cent in the Central African Republic.

Pursuing educational opportunities has been cited as one of the push factors leading families and children to flee their homes, often at great risk to their lives. A survey of refugee and migrant children in Italy revealed that 38 per cent of them headed to Europe to gain access to learning opportunities. A similar survey in Greece showed that one in three parents or caretakers said that seeking education for their children was the main reason they left their countries for Europe.

For children who have experienced the trauma of war and displacement, education can be life-saving. “When I fled Syria in 2013, I was terrified I would never be able to return to school. But when I arrived in Jordan and realized there was a school in the camp, I was relieved and hopeful,” said Muzoon. “School gives children like me a lifeline and the chance of a peaceful and positive future.”

As an education activist and Syrian refugee, Muzoon joins forces with UNICEF to speak out on behalf of the millions of children who have been uprooted by conflict and are missing out on school.

“I urge world leaders to invest in the futures of children living in emergencies — and by doing so invest in the future of our world,” Muzoon said.

Information on Ethiopia:

In Ethiopia, the education system remains vulnerable to natural disasters and manmade emergencies despite the significant advancements in expanded access to general education for children and young people. The past two years of successive drought have forced many students to drop-out of school and have lessened the quality of education, with hundreds of schools closing and families, including students and teachers, moving in search of water. At the end of the 2016/17 academic year, over 200 primary schools remain closed.

UNICEF Ethiopia works closely with the Ethiopian Ministry of Education to ensure equity and access for all children to education in the country. Interventions include the planning and coordination of education emergency responses and supporting the Ministry of Education to ensure that assistance to schools across the most drought-affected regions is efficiently targeted. UNICEF also assists regional education bureaus with the provision of primary school teaching and learning materials, water and sanitation services to schools, as well as support to offset the additional costs schools are bearing to stay open during drought. Furthermore, communities hosting displaced families and their children have been provided with temporary learning facilities.

In 2017, an estimated 2.7 million children require support to continue their education, including nearly 100,000 internally displaced children. In addition, an estimated 369,038 refugee children require further support to enable access to educational facilities.

As of early July, the funding gap for the education sector’s 2017 commitment remains at 57 per cent, with only US$5 million of the required US$11.6 million available to ensure children in emergency-affected areas stay in school.

[1] This figure does not include funds received for multi-sector work, which may include education, or funds received that are not earmarked to a sector.

[2] Despite the low level of funding received this year, UNICEF is achieving significant education results for children in emergency settings thanks to generous support from partners in previous years.

Distributed by APO on behalf of United Nations Children’s Fund (UNICEF).

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Source:: UNICEF Global Press Release with information on Ethiopia: Funding shortfalls threaten education for children living in conflict and disaster zones

Categories: AFRICA, Ethiopia | Tags:

High Commissioner Chikonde assures travelers to Zambia of peace, no disruption to normal business and welcoming environment

The High Commission of the Republic of Zambia in the United Kingdom would like to assure travelers to Zambia that there is no disruption to normal business and the country continues to operate in a peaceful and welcoming environment.

This follows the proclamation by His Excellency the President of the Republic of Zambia Mr. Edgar Chagwa Lungu of a situation likely to cause state of public emergency on 5th July 2017 through a statutory instrument number 53 of 2017 as provided for under article 31 of the constitution of the Republic of Zambia.

Zambia’s High Commissioner to the United Kingdom His Mr. Muyeba Chikonde said during a meeting with African Travel and Tourism Association (ATTA) Chief Executive Officer Nigel Vere Nicoll and First Secretary- Tourism Mr. Donald Pelekamoyo that Zambia will remain a peaceful destination and that it will continue to meet the expectations of the British travelling public.

“We appreciate the role that ATTA plays in guiding and addressing the various issues affecting its members in the United Kingdom. Zambia continues to be a beacon of peace in the region and will strive to remain so, “he said.

High Commissioner Chikonde emphasised that there is No State of Emergency in Zambia, thus free movement in and around Zambia is assured adding that the proclamation measures are designed to enhance security and ensure public safety.

African Travel and Tourism Association (ATTA) is a member-driven trade association that promotes tourism to Africa from all corners of the world. It is recognised as the Voice of African Tourism. ATTA serves and supports businesses in Africa representing buyers and suppliers of tourism product across 22 African countries. With over 550 members, ATTA acts as Pan-Africa’s largest network of tourism product covering not only accommodation, transport and travel specialists in Africa, but a formidable selection of tour operators, representation and Public Relations companies’ worldwide promoting tourism to Africa. ATTA represents African tourism interests at the highest levels, in a continuing dialogue with many tourism ministries, tourist authorities and associations across the African continent.

Distributed by APO on behalf of Zambia High Commission in the United Kingdom.

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IMF Staff Completes Second Review Mission of the Precautionary and Liquidity Line for Morocco

  • Overall, Morocco’s economic policies and fundamentals are sound.
  • The Moroccan authorities continue to pursue fiscal, financial, and structural reforms that support higher and inclusive growth.
  • IMF team supports Morocco’s reform efforts to reduce unemployment and regional and social disparities.

An International Monetary Fund (IMF) staff team led by Nicolas Blancher visited Morocco from June 29 to July 10, 2017 to conduct discussions with the Moroccan authorities on the second review under the Precautionary and Liquidity Line (PLL) arrangement. The IMF Executive Board approved the PLL arrangement for Morocco in the amount of SDR 2.504 billion (about US$3.42 billion) in July 2016 (See Press Release No. 16/355). The authorities have not drawn on the PLL and intend to keep the arrangement as precautionary.

At the conclusion of the mission, Mr. Blancher made the following statement:

“Morocco’s macroeconomic policies and performance remained sound, despite volatility in agricultural output, weak growth in trading partners, and elevated external risks. The Moroccan authorities remain committed to important fiscal, financial and structural reforms, which should strengthen the economy’s resilience to external shocks and support higher, more inclusive growth.

“Overall, macroeconomic fundamentals and the prospects for 2017 are sound: following last year’s drought, growth is expected to rebound this year to 4.8 percent, driven by strong recovery in the agricultural sector, while non-agricultural growth, which has remained subdued, should pick up modestly by 0.2 percentage points. Inflation is expected to slow to 0.9 percent for the year. Unemployment remains high, especially among the youth and women.

“The current account deficit should reduce to 4.0 percent of GDP in 2017, due to continued export growth and despite an increase in energy imports. Gross international reserves are expected to reach about US$24 billion at the end of 2017, about 6 months of imports. The IMF team welcomes the authorities’ intention to gradually move to a more flexible exchange rate regime, which would allow the Moroccan economy to better absorb external shocks and preserve competitiveness in the future.

“The fiscal deficit is projected to narrow to 3.5 percent of GDP by 2017, due to stronger revenue performance and contained spending. The IMF team welcomed the authorities’ plans to continue fiscal reforms, especially towards a more equitable and fairer tax system, and to reduce public debt to 60 percent of GDP by 2021. These efforts are critical to increase the fiscal space needed to reduce poverty and to promote employment through public spending, in particular investment and social programs targeted towards the poorest segments of the population and that help to reduce inequalities.

“The IMF team welcomes the progress made in strengthening financial sector soundness, and encourages the authorities to accelerate structural reforms to improve the business climate and governance, combat corruption, reduce unemployment, particularly among the youth, lessen regional and social disparities, and reform the educational system to create more skilled workers.

“The IMF team would like to thank the Moroccan authorities, as well as private sector and civil society organizations, for the constructive discussions and for their hospitality.”

Distributed by APO on behalf of International Monetary Fund (IMF).

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Categories: AFRICA, Morocco | Tags: