Browsing: Infinix

Smartphone market in Nigeria - The Exchange

According to the global technology research and consulting firm’s newly released Quarterly Mobile Phone Tracker, overall shipments for the quarter totalled 52.2 million units, down from 53.1 million units in Q1 2019. Feature phones accounted for 58.3% of the market, with shipments declining 3.7% QoQ, while smartphone shipments increased 1.0% over the same period to account for 41.7% share.

“Feature phones remain an integral part of the African mobile phone market due to poor network infrastructure across large parts of the continent, particularly in rural areas, and the ease of use of these devices,” says George Mbuthia, a research analyst at IDC. “However, the transition to smartphones is continuing, albeit slowly, and the affordability of feature phones alone was not enough to stop this segment of the market declining in Q2 2019. Smartphones, on the other hand, enjoyed a recovery from the decline in shipments seen in Q1 2019.”

Nigeria …

Transsion holdings, the makers of Techno, Infinix and Itel mobile phones has partnered with Wapi Capital, an African  fintech company that is investing and creating solutions in financial services, to find and fund fintech startups under the program Transsion Future Hub.

The Chinese company which is also the largest mobile phone manufacturers and distributors in Africa will use the program to seek and pinpoint innovative African fintech startups from all around the continent to provide funding as well as access to new markets.

On the other hand, Wapi Capital an alumni of Nairobi Garage will take the lead in the identification of early stage fintech (Financial Technology) businesses for the purposes of partnership, providing capital, mentorship and other support to these businesses.

The move by the two parties has been advised by Africa’s growing information technology sector that has been growing at an average of 10-20 percent in various countries …