TECNO Surpasses Samsung in African Market

Apr 24 , 2021


[ssba-buttons]

The Chinese mobile phone manufacturer, TECNO, has overtaken Samsung as the smartphone brand with the largest distribution in Africa's market, accounting for 18pc of all smartphone shipments to the continent in 2020. TECNO, founded in 2006, has been deepening its ties to the African market and has expanded to over 60 countries in Asia, Latin America and the Middle East in recent years. Samsung's share of smartphones in Africa fell to 15pc from 18pc during the previous year, according to Counterpoint Technology Market Research (CTMR), a global firm specialising in products in technology and telecom. Counterpoint also reported a 6.7pc fall in overall smartphone shipments to Africa in 2020, largely due to supply chain disruptions caused by COVID-19. The two Asian manufacturers are way ahead of other well-known smartphone brands in terms of market share in Africa, with Huawei registering eight percent of shipments during the same period, while Apple accounted for just one percent.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...