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Africa

The future of money transfers

Kenyan blogger Bankelele writes about the cash remittance business in Kenya:

Past: Surprisingly, Western Union and Moneygram, which have been recording growing volumes and signing up new banks (like KCB) every month, already represent the past in money remittance. The reason for this is the cost of the transfer... about 15% of amount transferred...

The wisdom of Google

Saw the New Yorker's James Surowiecki yesterday, speaking about his book, The Wisdom of Crowds. He praised the effectiveness of 'prediction markets'. For example, Hewlett Packard (internally) sold assets that paid off depending on how big next quarter's printer sales turned out to be.

African economies can overtake Switzerland

When battling with jet-lag most people take sleeping pills, watch TV, or toss and turn in bed. Economists, however, put their sleepless nights to better use. The IFC’s Chief Economist, Michael Klein, tinkered with the Doing Business database in the middle of a sleepless night in Johannesburg and created a hypothetical African country which adopted the best African practice on each of the Doing Business indicators.

Private health insurance in Africa

The New York Times offers us 'Neglected poor in Africa make their own safety nets':

Plans in which neighbors come together and create their own makeshift health coverage are the rage in Africa, particularly in the continent's west. Here, the plans now have a significant presence in 11 countries and membership has grown beyond 200,000 people.

Private education under the radar

James Tooley argues that private education is cheaper and more effective than public education.

For instance, in Lagos State, the mean maths score advantage over government schools was about 15 and 19 percentage points more respectively in private registered and unregistered schools, while in English it was 23 and 30 percentage points more.


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