Sunday, June 15, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News Africa News

Egypt’s First Smartphone Maker, SICO Plans to Enter Bigger African Market

Tech Gist Africa by Tech Gist Africa
10/12/2018
in Africa News, News
0 0
0
Egypt’s First Smartphone Maker, SICO Plans to Enter Bigger African Market
0
SHARES
Share on FacebookShare on Twitter

The first smartphone manufacturer in Egypt, Silicon Industries Corporation (SICO), is planning to enter the bigger African market later this year or early next year as it seeks to boost exports.

SICO was established in 2017 with a capital of 150 million Egyptian pounds ($8.4 million), it sells phones under the brand name Nile X and has said it uses a Chinese design of 3G/4G US technology.

The company’s Sales Director, Mahmoud Ali told Reuters that it plans to start selling phones in Kenya, Morocco, the Democratic Republic of Congo, South Africa, Nigeria, Mozambique and Ghana.

“It’s a promising market and there’s much less competition than in the Gulf,” Ali said, noting big demand- for affordable phones in Africa. He said he mostly expected to sell smartphones in the $50 to $60 price range to African customers outside Egypt.

Private investors hold 80 percent of the company and the remaining 20 percent is held by Egypt’s Ministry of Communication.

In 2019, the company aims to export 40 percent of its production and keep 60 percent local, Ali said. It also wants to expand its market share in Egypt from 12 percent to 15 percent in 2019, he said.

He said it was too early to set a sales target for exports to African countries, but he expected to export more to customers in Africa than in the Gulf next year.

“We are still entering the market and talking to people,” he said. “We are working with several operators and hoping that [the phones] will be available at their branches at the end of 2018 or early 2019.”

The company expects to triple its total production from 500,000 units in 2018 to 1.5 million units in 2019, Ahmad el-Sawaf, SICO’s international business development manager said. Of the 1.5 million, 900,000 would be sold in Egypt while 600,000 would be sold abroad, he added.

He said the company targets sales of 400 million pounds this year, tripling to 1.2 billion pounds next year. The target for 2020 is 2.5 billion pounds, he said.

The smartphone maker plans to introduce new phones next year, offering a total of 14 products, he said. SICO currently offers six products, including smartphones and a tablet, he said.

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across Africa and sharing simple social media and digital marketing tips for startups, entrepreneurs and business owners.

Related Posts

MoneyFellows Egypt
Funding

MoneyFellows, an Egyptian Fintech Secures 13 million pre-Series C funding round

by Tech Gist Africa
05/09/2025
0

MoneyFellows, a leading Egyptian fintech startup, has announced the successful closure of a $13 million pre-Series C funding round. The...

Read more
OpenAI

OpenAI Reaffirms Nonprofit Control Amid Restructuring Controversy

05/08/2025
Skype Microsoft

Skype Officially Shuts Down After Over Two Decades of Service

05/08/2025
Aruwa Capital Nigeria Adesuwa Okunbo Rhodes

Aruwa Capital, a Lagos-Based private equity firm Raises $35 Million

05/07/2025
Starlink Elon Musk

Airtel Africa Partners with SpaceX to Expand Starlink Connectivity to Remote Communities

05/07/2025
Next Post
South Africa’s The Sun Exchange Secures $500k Investment from Alphabit

South Africa’s The Sun Exchange Secures $500k Investment from Alphabit

wefarm

Wefarm Hits Over 1 million Users Across Kenya and Uganda

The Big 5 Daily

The Big 5 Daily: Nigeria Exchanges 110 gigabyte per Second of Traffic Locally, Greentec Capital Invests in Nigeria’s Parcel-it and More

No Result
View All Result

The Big 5

 Investing in Innovation Africa i3

Investing in Innovation Africa (i3) Selects 7 Startups for 3rd Cohort

by Tech Gist Africa
05/06/2025
0

...

Google for Startups Accelerator Africa

Google for Startups Accelerator Africa Opens Applications for AI-Focused 2025 Cohort

by Tech Gist Africa
05/06/2025
0

...

MEST Africa

MEST Africa and Mastercard Foundation Select 12 Startups for 2nd Ghana EdTech Fellowship Cohort

by Tech Gist Africa
05/06/2025
0

...

Agriculture Africa

The Future of Agriculture in Africa: Technology Solutions for Sustainable Farming and Food Security

by Tech Gist Africa
04/28/2025
0

...

Climate Change Artificial Intelligence

The Role of Artificial Intelligence in Accelerating Climate Change Solutions

by Tech Gist Africa
04/21/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.