The partnership between Angola’s telecommunication firm Fonecom, and the Chinese Xiaomi has culminated to the establishment of a factory in Angola for the assembling of 100.000 phones in Angola starting this year. The investment valued at about $1.5 million will involve investors that will build a logistics center and other equipment needed to assemble every Xiaomi product in the country. And it is hoped that products from the factory will serve the domestic and regional market.
Speaking to the press at the opening of Xiaomi’s first official store of smartphones and other electronic products, the CEO of Fonecom Horácio Moniz said the initiative foresees the creation of three models of phones for the domestic market, from low, medium and high range. The aim of the Project is to generate 120 jobs and the intention, by the first half of 2020, is to set up five stores to trade Xiaomi products in Angola, two in Luanda, one in Lubango, Benguela and Cabinda.
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On the telephone assembly plant, the investor stated that the number of telephones to be assembled may increase as demand increases. “At Fonecom, we aim to provide quality materials to the domestic market at affordable prices starting from 4,000 kwanzas, as well as the transfer of all technology produced in China by Xiaomi in Angola,” Horácio Moniz explained.
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Created four months ago, through Xiaomi, Fonecom increases the technological proximity to Angolan families by providing smatphones, backpacks, toothbrushes and smart lamps, headphones, among other equipment. Xiaomi was established in China in 2010 and by 2018, it has become the fourth largest mobile phone sales company in the world, behind Samsung, Apple and Huawei.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry