Chinese phone manufacturer Xiaomi has decided to increase its investments to grow in the African market. In that regard, it has decided to create an Africa department to counter the rise of Transsion Holdings, another Chinese phone manufacturer, in Africa.
The information was revealed by Jun Lei, Xiaomi’s CEO, in a memo sent to its staff. This department is to be managed by Wang Lingming, the group’s former vice president of the international division. He will work under Xiaomi’s vice-president Wang Xiang.
According to International Data Corporation (IDC), Transsion Holdings that owns the brands Tecno, Itel and Infinix, is currently the leader of the African market in terms of presence. This holdings’ low-cost devices are much appreciated than Samsung, Apple and Huawei.
This launch of an African department by Xiaomi shows the company’s growing interest in the African market which is presented by international cabinets as the future market for mobile telephony.
The group which entered the African market through Nigeria, South Africa and Kenya allowed itself to be outrun by its competitors. With the development of connectivity, the company that has developed new products should also implement a low-cost strategy to succeed in its African expansion.
• World Bank raises 2025 growth forecasts for Benin, Mali, Burkina, Côte d’Ivoire• Senegal and Niger...
Côte d’Ivoire traced 40% of cocoa for 2024/25 season Most cocoa remains untracked due to info...
• AfDB chief Sidi Ould Tah met BOAD president Serge Ekué in Abidjan on Aug. 30.• Talks focused on jo...
IFC will provide up to $40 million to Banque Islamique du Sénégal (BIS) under a Mourabaha agr...
51 partnership agreements signed at the 2025 edition of the forum Investments span energy, tr...
Dalaroo to acquire Red Rock’s Ivorian gold assets for A$715K Deal includes seven exploration permits, pending due diligence Move follows rising...
Citrus exports via Transnet terminals up 19% in 2025 R3.4B invested to boost port efficiency, new R4B plan underway Report cites major gains in vessel...
Tunisia seeks $3.7B loan from central bank in 2026 Economists warn of inflation, liquidity risks from domestic borrowing IMF talks stalled;...
China’s CRBC to build new oil refinery in Gabon Project aims to boost fuel supply, cut import reliance Over 20,000 jobs expected during refinery...
The Great Zimbabwe National Monument stands as one of southern Africa’s most iconic archaeological sites, a silent witness to a thriving African...
African countries prepare to celebrate Intangible Cultural Heritage Day Planned events spotlight traditions, rituals, and cultural...