Egyptian smartphone maker SICO will begin exporting it’s Nile X phones and other devices to Germany in November, Chairman Mohamed Salem told Reuters. SICO already exports 25% of its products to the Gulf, but aims to increase this to 50% next year and expand into European and African markets. “We will begin exporting from Upper Egypt to Germany, Holland, Austria, and then Sweden, Norway and Finland,” Salem said. SICO, established in December 2017, is Egypt’s first smartphone manufacturer.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…