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...
Bill Easterly writes in Foreign Policy (free copy available on his website):
If all of us are collectively responsible for a big world goal, then no single agency or politician is held accountable if the goal is not met.
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.
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.
FDI will continue to grow in the short and medium term, according to UNCTAD's most recent Global Investment Prospects Assessment.
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.