http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20121129:nBw295128a
   New Moroccan office to serve as African hubCASABLANCA, Morocco--(Business Wire)--MoneyGram (NYSE: MGI), a leading global money transfer company, announced todaythat it has crossed the 20,000 agent location milestone in Africa and is openinga new office in Casablanca to serve as MoneyGram`s African hub. The news wasannounced at a press conference held today at Kenzi Tower Hotel, BoulevardZerktouni, in Casablanca. The new office, located at Maarif in Casablanca, will initially house tenMoneyGram employees. MoneyGram has been in Morocco since 1998. In June 2011, the company opened itsCasablanca office dedicated to taking care of its nine agents in Morocco andthose in North Africa and West Francophone Africa to provide MoneyGram productsand services for customers across the region. "Casablanca is the economic capital of Morocco and the remittance link betweenEurope and Africa. It`s critical to our growth in the region to have a strongphysical and brand presence here," said Herve Chomel, vice president of Africa."In the past 18 months, we have added 3,000 MoneyGram agent locations to ournetwork in Africa and have grown to 20,000 throughout the continent." Earlier this year, MoneyGram announced the addition of First National Bank inSouth Africa, an addition that doubled the company`s agent network in SouthAfrica to 1,000 locations. Before that, MoneyGram added Ecobank Bank in Nigeria,expanding the company`s presence in Nigeria by 600 locations. According to Carl Scheible, executive vice president of Europe & Africa,MoneyGram, convenience is a critical component in the money transfer industry,particularly in Africa. "We are focused on increasing the number of MoneyGramlocations throughout Africa to make our services as accessible and convenient toas many customers as possible." According to the World Bank, an estimated $38.6 billion in remittances flowedinto Africa in 2010. About MoneyGramMoneyGram, a leading global money transfer company, enables consumers who arenot fully served by traditional financial institutions to meet their financialneeds. MoneyGram offers money transfer services worldwide and bill paymentservices in the United States and Canada through a global network of more than293,000 agent locations-including retailers, international post offices andfinancial institutions-in 197 countries and territories around the world. Tolearn more about money transfer or bill payment at an agent location or online,please visit 
  www.moneygram.com
  or connect with us on Facebook.  MoneyGramMike Gutierrez or Sophia Stoller, +1-214-303-9923media@moneygram.comCopyright Business Wire 2012