shocking and disappointing news, its true that Moneygram and Western Union are the only Giant money transfer companies from all corners of the world to Africa. I lived in Europen once upon time in my life, I used western union money transfer to send money home, but the remittance fees used to be too high and exchange rate used to favor them always.
Things has changed now, Western Union is cheaper and even more convinient, I am not sure when this report was published. It cant be up to 12% on tranfer of $200. More research is needed to investigate this method of sucking African effort and sacrifices