Egypt’s first smartphone maker is looking to enter the broader African market by the end of 2018 or early 2019 as it seeks to boost exports, its sales director said.
Silicon Industries Corporation (SICO), which already exports to the Gulf, aims to start selling phones in Kenya, Morocco, the Democratic Republic of Congo, South Africa, Nigeria, Mozambique and Ghana, Sales Director Mahmoud Ali said.
“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 US$50 (RM207) to US$60 (RM249) price range to African customers outside Egypt.
SICO, which was set up last year with capital of 150mil Egyptian pounds (RM34.77mil), sells phones under the brand name Nile X and has said it uses a Chinese design of 3G/4G US technology.
In 2019 the company aims to export 40% of its production and keep 60% local, Ali said. It also wants to expand its market share in Egypt from about 4% currently to 12%-15% next year, 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 400mil pounds (RM92.73mil) this year, tripling to 1.2bil pounds (RM278.20mil) next year. The target for 2020 is 2.5bil pounds (RM579.58bil), 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.
