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Egypt’s first smartphone maker plans expansion in Africa

By News Express on 10/10/2018

Views: 528


Egypt’s first smartphone maker is looking to enter the broader African market by the end of 2018 or early 2019 as it seeks to boost exports, its sales director said.

Silicon Industries Corporation (SICO), which already exports to the Gulf, aims to start selling phones in Kenya, Morocco, the Democratic Republic of Congo, South Africa, Nigeria, Mozambique and Ghana, Sales Director Mahmoud Ali told Reuters.

“It’s a promising market and there’s much less competition than in the Gulf,” Ali said, noting big demand for affordable phones in Africa. He said he mostly expected to sell smartphones in the $50 to $60 price range to African customers outside Egypt.

SICO, which was set up last year with capital of 150 million Egyptian pounds ($8.4 million), sells phones under the brand name Nile X and has said it uses a Chinese design of 3G/4G U.S. technology.

Private investors hold 80 percent of the company and the remaining 20 percent is held by Egypt’s Ministry of Communication.

In 2019 the company aims to export 40 percent of its production and keep 60 percent local, Ali said. It also wants to expand its market share in Egypt from about 4 percent currently to 12-15 percent next year, he said.

He said it was too early to set a sales target for exports to African countries, but he expected to export more to customers in Africa than in the Gulf next year.

“We are still entering the market and talking to people,” he said. “We are working with several operators and hoping that [the phones] will be available at their branches at the end of 2018 or early 2019.” (Reuters)

A worker tests mobile phone features in Assuit, Egypt September 30, 2018. Picture taken September 30, 2018. REUTERS/Mohamed Abd El Ghany

Source News Express

Posted 10/10/2018 11:16:10 AM

 

 

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