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...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...
Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...
Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $25 million and $40 million. The acquisition...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian businessman Abdul Samad Rabiu posted the largest...
Morgan Stanley forecast gold at $4,800 an ounce in the fourth quarter of 2026. The bank cited expected interest-rate cuts, Federal Reserve...
Electoral authorities declared President Faustin-Archange Touadéra the provisional winner with 76.15% of votes in the first round. Opposition parties...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...
The Vodun Days are a major cultural event held in Benin to celebrate, promote, and raise awareness of vodun, an ancestral religion deeply rooted in the...