Money transfer service MoneyGram says its agent network now reaches 25,000 locations across Africa, the company announced on Thursday.

MoneyGram is a leading global money transfer company providing services to consumers who are not fully served by traditional financial institutions.

Consumers have access to MoneyGram's services in more than 50 African countries.

MoneyGram also has partnership agreements with First Bank of Nigeria's subsidiaries in Ghana, Sierra Leone, and the Gambia.

According to a company statement technology advances and new agent and sub-agent signings, and an agreement with the Mauritius Post Office to offer money transfer services at more than 100 locations, contributed to achieving the milestone.

Herve Chomel, MoneyGram's vice president of Africa said, "MoneyGram continues to grow throughout Africa as a result of forming strategic relationships with reputable companies, including banks, post offices and retailers, to bring added convenience and more choices for our customers."

He added, "Remittances are an important part of economic development and financial inclusion throughout the region and are integral to providing household essentials, education and healthcare in many countries. We are excited to be a part of the region's growth."