AFRICAADA, a Pro-Poor Africa Focus financial services group operating in Banking, Money Transfer, Foreign Exchange Bureaus and Debit Cards payment unveiled AFRICAADA Express to bridge Africa and Diaspora after getting a full backing of its Billionaire Gambian born chairman HRH Prince Ebrahim of Gambia, the company says via official press release and twitter handle.
According to company sources, the backing came into fruition upon agreement between Billionaire Gambian Businessman HRH Prince Ebrahim chairman of Royal Africa Holdings and his business partner friend Mr Noel Moran, CEO of Prepaid Financial Services.
Royal Africa Holdings is an Africa Focus diversified investment holding company with over USD$8 Billion Pipeline Development Projects, Assets and Portfolios in Banking, Financial Services, Asset Management, Real Estate, Agriculture, Farming, Media, Entertainment, Automotive, Aviation, Security & Risk across Africa with strategic interest at the global market.
According to Times of London, Prepaid Financial Services Limited (PFS) has been listed as one of the UK’s fastest growing technology companies in the Sunday Times Business Supplement Tech Track 100, listing Prepaid Financial Services, released on 15th September 2013.
The joint venture agreement will no doubt make Africaada Express the fastest Africa focus Remittance, Forex and Prepaid Card services brand entering into the lucrative African market. If you don’t know what Forex is then we would suggest you look into the best forex signals services, forex brokerage, traders, and other resources that will help you understand it more. The company’s competitive and comparative market entry strategy and product placement position makes it very difficult for others to compete, as they burst over 300,000 payment locations across Europe including 15,000 Her Majesty’s British Post Office as well as networks readiness in France, Germany Scandinavia and other EU Countries.
Remittances to Sub-Saharan Africa are expected to grow significantly in the coming years to about $39 billion by 2015.??According to the World Bank’s latest edition of the Migration and Development Brief, remittances to the region have been recovering from contraction associated with the global financial crisis, but growth has been modest.??”In 2012, the region was estimated to have received about $31 billion in remittances, a 1 percent increase over 2011,” the brief said.
The report stated that Nigeria was the largest recipient of remittances in the region accounting for about 67 percent of the inflows to the region in 2012 followed by Senegal and Kenya.
In Ghana, remittances amounted to $18.7 billion in 2012 according to the Bank of Ghana (BoG).??The World Bank estimated that global remittances, including those to high-income countries, reached $514 billion in 2012, compared to $132 billion in 2000, indicating that remittances to developing countries more than quadrupled since 2000.??According to the World Bank report, officially recorded remittance flows to developing countries grew by 5.3 percent to reach an estimated $401 billion in 2012.
AFRICAADA is also the first company in Africa’s remittance history to invest into a Multi-lingual 24 hours call centre in Africa hosting English, French, Portugese, Huasa, Mandingo/Mandinka, Wolof, Swahili, Fulani among host of other major African Languages.
On celebrity endorsements, AFRICAADA has so far break the record of Global Celebrity endorsement and support. It is also expected that other African superstars such as the likes of Yaya Toure, Dedier Drogba, Kolo Toure, Emanuel Adebayor, Samuel Eto’o and many others will join other celebrities to put their weight behind the AFRICAADA Brand.
So far, hundreds of celebrities across various sectors of showbiz and sports have all line up and rallied support behind the brand by wearing the Africaada’s T-Shirts and jumpers across various countries and continents. They come in all race, nationality and ethnicities.
A Royal Africa Holdings source has also intimated that the company is at concluding stages of positive negotiations on Africa wide agency agreements with various strategic Banks and Agencies. Another reliable Banking insider sources also confirmed ongoing negotiations between Royal Africa Holdings and GT Bank, Eco Bank among others. The company is also building a sizeable network of their own Bureau De Change chains across Africa.
According to a senior company source, once negotiated agreements are completed with agents in coming days to weeks, AFRICAADA’s remittance payment platform is projected be to cover least 80% of 54 African Countries by third quarter of 2015 thereby securing some 15% total Africa inward remittance by 2017 thereby securing an estimated aggregated turnover of USD$12Billion, with guaranteed consumer market population reach of 780 – 850 Million people within 3years of full operations.
Africaada Express’s market entry strategy can earn them in history books as the fastest ever growing Pan-African remittance company, greatly boosting Africa’s remittance capabilities, value for money, choice and dynamism.