Connect with us

Business

Business: China’s Tecno takes market lead in Somalia amid rapid growth

Published

on

MOGADISHU (Xinhua) – Three years ago when Chinese phone-maker, Tecno made its entry through local dealers in Somalia, mobile phone users got a chance to sample new brand in a market which had then been dominated by Nokia, Samsung among other brands.

Tecno has today positioned itself as a force to be reckoned with in terms of brand penetration and market dominance in the Horn of Africa nation.

“People were not really sure if they could buy mobile phones from China,” Mohamed Dahir, an official dealer of Techno Mobile brand in Mogadishu told Xinhua on Monday.

“We brought the first mobile sets in 2014 and they soon became popular with the middle-class and particularly students who liked it because of its longer lasting battery,” said Dahir as he helps clients try some of the latest Tecno series he recently stocked.

Tecno Mobile which prides itself as the first dual-SIM handset supplier in Africa dedicated to transforming state-of-the-art technologies for emerging markets, has made significant inroads into Somalia placing itself as one of the market leaders in smart phone technology.

Somalis, just like their counterparts in other African countries, have embraced smart phones as their primary medium of communication as millions of users document moments and share them online to the world.

“I have found this brand (Tecno) to be my most favorite choice for smart phones,” Nuradin Abdulkadir, one of the Tecno users told Xinhua in Mogadishu said. “It has a good internet connection capacity and several exciting features.” Abdulkadir said.
The longer lasting battery makes Tecno a first choice for Mohamed Omar who contends his choice for smart phones is largely influenced by its ability to retain power for a long time.

“I have bought several phones but always was forced to carry a power bank around because the battery goes off easily. But with Tecno, I can go the whole day without worries of being off service.” Omar said.

Omar, a student in one of the universities in Mogadishu noted that the phone has gained traction among students who like the brands because of its features and cost.

“The prices for Tecno phones are friendly for students and at the same time they are able to get the same or even better features found in far more expensive brands,” Omar said.

The dealer Dahir said his customers have now fully embraced the China-made phone despite earlier fears about phones from China.

“It was not easy to convince customers to buy phones from China. They had built a relationship with brands from Europe and the United States; but with time, they got convinced that Tecno could offer them a real alternative and superior taste,” said Dahir.

He added that the dual sim option for an original phone was a plus for Tecno.

“Our customers got the chance to own an original phone which allows them to use twin Sim cards. This strongly made our customers convinced that they were getting a good run for their money and I can say we now control at least 50 percent of the market.” he said.

The entry of Tecno Mobile into Somalia not only revolutionized smart phone technology but also opened avenues for job creation among the population, especially the youth who form the bulk of the population.

“Several young men and women have now worked as sales executives in our dealer shops while others have now started their own shops buying from us in bulk or importing directly from China,” added Dahir.

Africa

DP World says Djibouti incident could hurt Africa investment

Published

on

DUBAI (Reuters) – Port operator DP World said on Thursday that Djibouti’s decision to seize control of a terminal project could hurt African efforts to attract investment.

The Dubai state-owned port operator is facing twin political challenges in Africa.

Djibouti abruptly ended its contract to run the Doraleh Container Terminal last month and Somalia’s parliament voted this week to ban the company.

DP World has called the Djibouti move illegal and said it had begun proceedings before the London Court of International Arbitration, which last year cleared the company of all charges of misconduct over the concession.

“Africa needs infrastructure investments and if countries can change their law [to take assets then this] is going to basically make it more difficult to attract investment,” Chairman Sultan Ahmed bin Sulayem told a news conference in Dubai.
DP World reported 14.9 percent rise in 2017 profit to $1.18 billion profit and said that it would invest $1.4 billion across its global portfolio including in Berbera in Somaliland. [L8N1QX0F2]

It is developing a port in Berbera in partnership with the governments of Somaliland and Ethiopia. It is also developing a greenfield free trade zone in the breakaway region.

Bin Sulayem said he was not concerned by the vote in Somalia’s parliament to ban DP World from the country, which the parliament said nullified their Somaliland contract.

It is unclear how Somalia’s federal government could enforce the ban given Somaliland’s semi-autonomous status.

Europe, the Middle East and Africa accounted for about 42 percent of the cargo DP World handled in 2017.

Reporting by Alexander Cornwell; editing by Jason Neely

Continue Reading

Business

INTERVIEW: Somalia gears towards improving its monetary policies

Published

on

CGTN — Somalia’s central government imposed a five percent sales tax this month as part of efforts to win billions of dollars in international debt relief. This was followed by protests in Mogadishu’s main market by traders opposed to the tax. CGTN’s Abdulaziz Billow sat down with the country’s minister of finance who shed more light on the country’s monetary policies

Continue Reading

Business

Somalia Tax Argument From Both Sides: Bakara Traders vs The Government

Published

on

Somalia’s busiest and largest open-air market in Mogadishu has been closed for the past two days.

Business owners in Bakara market are protesting over a five percent tax imposed by the government, in an effort to pay back some of its international debt.

JOIN THE CONVERSATION TELL US WHAT YOU THINK.

Continue Reading

TRENDING