Telecom

Angola: President João Lourenço inaugurates Afrione mobile phone assembly plant

Angola: President João Lourenço inaugurates Afrione mobile phone assembly plant
Thursday, 15 October 2020 19:56

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.

On the same topic
Mobile games account for 87% of gaming in Africa, although the share of console and PC gaming is expected to grow as hardware becomes more affordable and...
As African countries accelerate the digitalization of civil registries, elections, and public services, biometrics is becoming a key pillar of state...
National large language model to power government services, education, and healthcare Over 350 AI firms and 100 investors attend summit in Cairo Move...
Ericsson and Nigeria’s government launched the “Connect NextGen Hackathon.” The four-month program targets 5G, AI, IoT, cloud and sustainability. Top...
Most Read
01

Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...

Absa Kenya Imports a Telecom Playbook in Bid to Reinvent Retail Banking
02

Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...

Safaricom launches M-Pesa platform for stock trading in Kenya
03

Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...

Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
04

Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...

Gulf of Guinea regains appeal as a key exploration hub for oil majors
05

MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...

DRC Accuses MTN of Illegal Operations, Spotlighting Border Frequency Issues
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.