Moneygram invests in East Africa

Nairobi - MoneyGram, a global money transfer and payment services company, is investing in business growth in East Africa as well as in the health of communities it serves.

MoneyGram has opened an office in Nairobi, to provide increased presence and support for agents, consumers and business partners in Kenya and East Africa. The new regional office marks the company's fourth in Africa, with others in Morocco, South Africa and Nigeria.

"Kenya and across all of East Africa is an exciting market with immense opportunities, and we look forward to playing an integral role in providing financial services in the region," said Herve Chomel, MoneyGram's vice president, Africa. "Our new office will serve as a home base for MoneyGram to focus on our strategy of reaching more of our customers in the African communities."

"MoneyGram is not only committed to helping drive economic development and financial growth in East Africa, we are also dedicated to improving the lives of residents through transformational education programs and residential support," said Julia Taylor, MoneyGram's vice president of corporate strategy and global communications, and president of the MoneyGram Foundation.