Xiaomi has teamed up with Angolan company Fonecom, and will start setting up smartphones in the country as early as 2020. The news was announced by businessman and investor Horácio Moniz at the opening of Xiaomi's first official store in Angola.
According to Angop, the investment will be around US $ 1.5 million. This amount will be capitalized on the construction of a logistics center, and all the essential facilities for the assembly of 100,000 smartphones.
According to Horácio Moniz, the objective is to “provide quality products to the national market with affordable prices, starting at 4,000 kwanzas and ensuring technology transfer”.
At an early stage three different models will be produced
At an early stage it is already planned to assemble three models for the Angolan market. These three models will be divided into the low, mid and high end markets to attract all types of consumers.
Another objective set is that by the end of the first half 2020, five Xiaomi product stores are already operating in the country. Two will be in Luanda, and the other three in Lubango, Benguela and Cabinda.
Xiaomi will thus increase its technological presence with Angolan families. The company will sell smartphones, but also other products in its catalog such as scales or smart lamps. The project promises to create 120 new jobs.
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