Ethiopia to assemble their first smartphone Hong Kong-based mobile manufacturer Tecno Mobile’s Ethiopian counterpart is set to release its first smartphone completely assembled in Ethiopia. The smartphone will hit the shelves in mid-July and will range between $339 and $400. Tecno Mobile’s T1 smartphone (image: Tecno) The smartphone, called the Tecno T3, will run on Google’s Android 2.3 operating system and will feature the Amharic language for now, as well as a GPS. “Tecno already has several models on the market, all of which support Amharic, Oromiffa, and Tigrigna languages. The Amharic feature was developed in Ethiopia. He added that it supports SMS, email and other information transferring systems. Charlie Fripp – Consumer Tech editor
Toyota to invest billions more in South Africa - Economic trends PRETORIA – South Africa can expect to see investment of several billion more from Toyota into the country in the next couple of years. Thanks to the Motor Industry Development Programme (MIDP) that is set to conclude at the end of this year and the replacement Automotive Production and Development Programme (APDP) that kicks off next year, the motor company will continue its investment programme into operations and capacity in South Africa. Over the previous five-year investment programme Toyota boosted the South African economy with investment of more than R8bn. Although the company does not want to confirm the total investment planned for the coming five-year period, company CEO Dr Johan van Zyl says that it will be a multibillion rand project. According to Leo Kok, senior manager: corporate communications for Toyota South Africa Motors, the total amount still depends on final approval of some plans and projects by Toyota Motor Corporation.
Malaysian Fashion Retailer to Open in Tripoli Posted on 30 November 2012. Tags: fashion, Malaysia, Poney, retail, Singapore Malaysian fashion retailer Poney has franchised its operation into Libya, through its Singapore-based franchising arm. Mitchell Jiang, Manager of Poney’s Singapore unit, told Today Online: “The first impression is that there is still a lot of turmoil in Libya, but after the dust settled, there actually are a lot of businesses looking for opportunities … In developing countries, the absorption rate for new brands like ours is very high. The very well-known international brands are too expensive The Libyan outfit will open its first Poney outlet in Tripoli in the coming weeks. (Source: Today Online)
Egyptian-Malaysian Oil Plant Worth $100 Million The Investment Ministry and the Malaysian Patroness Oil Company agreed that latter pump new investments into the Egyptian market including establishing a massive plant for producing and packaging oil and lubricants with $100 million investments, said Investments Minister Osama Saleh. The minister, in a meeting with Patroness delegation, discussed means of boosting joint cooperation and measures needed to increase Patrons investment in Egypt, adding the company seeks to export its products to the Egyptian market, African and Middle East countries. Saleh pointed out that Patroness is keen on pumping more investments and supporting the Egyptian economy in this critical transitional period, adding the Egyptian government is also keen on activating and supporting investment, and provide more facilities for investors in the fields of development, production and exportation projects.
Japan online car dealer opens Nairobi office - Corporate News The growth of used cars in the Kenyan market is what has attracted Carview to set up shop in the country. Official data shows that 37,899 used cars were sold in the Kenyan market between January and August in 2012. Photo/FILE Nation Media Group A Japanese online car dealer has set up operations in Kenya, offering to protect local consumers from fraud that has seen some buyers pay for vehicles that are never delivered. Japanese-based Carview Corporation has invested Sh50 million to open an office in Nairobi’s Westlands area and guarantees delivery and quality of cars bought through its website. The opening of the office comes at a time when fraud targeting online car dealers has risen in tandem with the growth of used cars in the country. Last year alone, Kenya’s embassy in Japan said more than 30 Kenyans reported loss of over Sh25 million to rogue online dealers who failed to deliver the ordered cars. The government allows importation of used cars aged up to eight years.
Malaysian Palm Oil Giant to Build Plant In Ethiopia Palm oil plant AFRICANGLOBE – Malaysian palm oil manufacturer, Pacific Interlink, is set to erect the largest ever edible oil refinery in Ethiopia, which will produce 300,000tn of oil at an estimated cost of 401.1 million Br. The company’s proposal was approved by the Privatisation and Public Enterprises Supervising Agency (PPESA), which initially designed and studied the viability of such a project. PPESA did so as part of its role in designing projects for the establishment of new enterprises that are able fill gaps in the economy, but are as yet unsatisfied by the private sector. Local oil production, in Ethiopia, only meets 20pc of the consumption, which reached 285,210tn in 2011/12, according to a study conducted by the Ethiopian Pulses, Oilseeds & Spices Exporters Association. This is despite the fact that oilseeds are a large part of the country’s crop production and the third largest export commodity for the country, having earned it 323.8 million dollars in 2010/11. By; Elleni Araya
Africa Investor - Ai News Wednesday, 30 Jan 2013 Mahindra South Africa on Tuesday said it has increased dealerships in the country and launched new models including from the SsangYong stable that helped it sharply increase its sales last year. Sales of the company's Mahindra and SsangYong products rocketed by 118 per cent in the passenger cars and light commercial vehicle (LCV) segments, it said. "We are very proud of our achievements in 2012 as it was a very busy period for us as we added in SsangYong products to our line-up in April," said Mahindra SA CEO Ashok Thakur. "We also launched new models and expanded our dealer footprint to 59 dealers, which includes several outside the borders of South Africa." There is a high level of acceptance for the Mahindra and SsangYong brands in a market where the company has been active for only nine years, Thakur added, citing a turnaround strategy which put the company in a strong position for growth after the economic woes of 2008/9. Credits: AllAfrica
L’indien Tata veut faire croitre ses activités africaines de 30% par an (Agence Ecofin) - D’ici 4 ans Tata Group veut faire passer sa présence de 13 à 20 pays africains et y accentuer son développement dans les secteurs des infrastructures, de l’hôtellerie, de l'automobile et des mines. Présent en Afrique depuis 1977 à travers 5 sociétés, le puissant conglomérat indien y a réalise des investissements de l’ordre de 1,7 milliards $. « Nous avons fait des investissements de l'ordre de 1,7 milliard $ en Afrique et nous allons continuer à augmenter nos investissements. Les domaines d'intervention seront les projets dans l’énergie, les télécommunications, l'automobile, les mines et l’hôtellerie », a déclaré Raman Dhawan, directeur général de Tata Africa Holdings, filiale de Tata International. Concernant l’automobile, Tata envisage des joint-ventures en Tunisie et au Kenya pour opérer des usines d’assemblage de véhicule léger et utilitaire. Déjà présent sur le marché sud africain, Tata Motors développera aussi l’assemblage et la commercialisation de bus. Tata Steel
Sony launches flagship Xperia Z smartphone in Kenya Sony phone lovers in Kenya can now access the flagship Xperia Z series from local stores following the launch of the model in Nairobi. According to Sony’s director for business management Izzat Kittaneh, the model targets ‘tech mature people’ looking for the latest and greatest devices in the market. Sony says it believes its new model will catch the market with its superior brand which is both dust and waterproof with a high dynamic camera range not available in the market. Kittaneh says the Xperia Z is a culmination of research by the electronics maker that showed customers buy devices based on the operating system, screen size, battery life, processor speed, sound and brand. To this end the Xperia Z runs on the Android operating system, which has proved popular in Kenya. The phone has a Snapdragon S4 pro quad-core processor to support the evolving complexity of apps being released into the market. “Software is growing much faster than hardware of course,” he says.
Samsung unveils ultra-high definition ‘floating’ TV Samsung has designed an ultra-high definition 'floating' TV, which will be available in Nigeria by the end of April. (Image source: samsungtomorrow)Samsung Electronics West Africa has announced its first Ultra High Definition TV will be available in Nigeria by the end of April The product, which was launched this year by Samsung at the CES 2013 in Las Vegas, USA is set to transform home cinema systems. The 85-inch TV features a 'floating' design and displays images at four times the pixel resolution that other Smart TVs on the market offer, the company said. Brovo Kim, managing director of Samsung Electronics West Africa, said, “At Samsung, our mission is to help people discover a world of possibilities. Another feature allows viewers to ask the Smart TV for movie and television show suggestions or request films that feature certain actors.
Technology: Sony unveils expansion plans in Africa Sony electronics - One of the world's leading electronics and entertainment brands, Sony, unveiled its blueprint for multi-faceted expansion plans across the African continent at an exclusive dealers' conference here yesterday. The blueprint highlights Sony's global ambitions and the significance it places on Africa as it consolidates its distribution capacity of quality products for its consumers. Defined by a rigorous 360 degree immersion plan, the giant electronics firm is set to transform the African consumers experience in electronics sector through launching the latest technology products, introducing experimental Sony brand shops and establishing service centres in almost every country on the continent. It plans to set up new zonal offices in Morocco, Ghana, Nigeria and Angola. Angola and South Africa offices cater for the Southern Africa region. 'The numbers certainly look exciting, but our immediate focus is to identify tactics that help us move towards our target.'