Afrione's mobile phone assembly plant, located in the Luanda-Bengo Special Economic Zone, has officially started operations. The infrastructure was inaugurated by the President of the Republic João Lourenço, on October 14, 2020, in the presence of Manuel Homem the Minister of Telecommunications, Information Technology, and Social Communication.
Resulting from an equity investment of nearly $15 million and a $2 billion credit line from the United Arab Emirates, the plant, built on 1,140 square meters of land, is composed of three departments: offices, manufacturing, and storage. The factory will have a capacity of 100,000 devices per year. Over time, it is expected to diversify its production by including computers and several other types of digital devices. Initially, the plant is expected to create nearly 150 new jobs, especially for young people.
The company plans to build distribution centers for its devices in Cabinda, Uíge, Huambo, and Benguela. The price of low-end phones should vary between 3,000 and 4,000 kwanzas (about $5 and $6) while the price of the most advanced high-end phones could reach 200,000 kwanzas (about $300), according to verangola.net.
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...
Rwanda ranks first in Africa in the World Bank’s Business Ready 2025 with a score of 67.94. Benin and Senegal enter Africa’s Top 10 for the first time...
Carrefour signed a franchise and supply agreement to enter Ethiopia with Midroc’s Queens Supermarket PLC. The partners will convert 13 existing stores...
Acumen closed a $250 million blended-finance raise for off-grid electricity in sub-Saharan Africa. The H2R Amplify debt fund reached $180...
Ivory Coast expects a new government after the prime minister and cabinet resigned following December 27 legislative elections. The ruling RHDP won...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...