Angola’s Fonecom assembles Chinese Xiaomi phones in Angola

16 December 2019

Angolan company Fonecom has joined forces with China’s Xiaomi to launch, in 2020, the assembly of phones in Angola, announced businessman Horácio Moniz, speaking at the inauguration of the first official Xiaomi store for smartphones and other electronic products.

Moniz told the Angop news agency that the two companies will invest approximately US$1.5 million to build a logistics centre and other facilities needed to assemble 100,000 phones.

Three models of telephones are due to be assembled for the Angolan market, of a low, medium and high range, and Moniz said the aim was to “provide quality products in the domestic market at affordable prices, starting at 4,000 kwanzas and ensure the transfer of technology.”

The businessman said that at the end of the first half of 2020 five stores are planned to open to sell Xiaomi products in Angola; two in Luanda and the others in Lubango, Benguela, and Cabinda.

Xiaomi is a Chinese company with headquarters in Beijing founded in 2010. In 2018 it was in fourth place in the list of the largest sellers of mobile phones, behind Samsung, Apple, and Huawei. (macauhub)