{"id":588474,"date":"2023-06-12T00:00:00","date_gmt":"2023-06-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/12\/chinas-vivo-begins-producing-local-smartphones\/"},"modified":"2023-06-12T00:00:00","modified_gmt":"2023-06-12T00:00:00","slug":"chinas-vivo-begins-producing-local-smartphones","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/12\/chinas-vivo-begins-producing-local-smartphones\/","title":{"rendered":"China\u2019s Vivo begins producing local smartphones"},"content":{"rendered":"

MANUFACTURING-<\/span><\/p>\n

<\/span>Vivo starts local production:<\/span> Chinese smartphone maker Vivo has begun <\/span>manufacturing devices at its Tenth of Ramadan factory, <\/span>Al Mal<\/a><\/span>reports<\/span>. The company has over the past weeks produced an unspecified quantity of phones ranging in price from EGP 5 - 11k and intends to add more models to its production lines soon, a source in the telecoms sector reportedly told the newspaper. <\/span><\/p>\n

This makes Vivo the fourth international brand to produce smartphones in Egypt<\/span> after <\/span>Nokia phone manufacturer HMD Global, <\/span>Infinix<\/a><\/span>, and <\/span>Samsung, which is preparing to <\/span>build a new factory<\/a><\/span> at its industrial complex in Beni Suef. Vivo has been active in Egypt <\/span>since 2019<\/a><\/span>, and has a network of <\/span>customer service centers<\/a><\/span>.<\/span><\/p>\n

CAPITAL MARKETS-<\/span><\/p>\n

Giving startups access to the public market: <\/span>The EGX is considering setting up a <\/span>sub-market for startup companies to help them raise capital from the public market, <\/span>Al Mal<\/a><\/span> reports, citing EGX boss Ramy El Dokany. Smaller companies are capable of attracting investment but are unable to comply with the EGX\u2019s listing requirements, he said, clarifying that the plan remains at an early stage. The market would be similar to the UK\u2019s <\/span>Alternative Investment Market (AIM)<\/a><\/span>, which allows small and early-stage companies to go public.<\/span><\/p>\n

Beltone to become futures market maker?<\/span> The EGX is in talks with <\/span>Beltone Financial<\/a><\/span>to become the market maker for the <\/span>forthcoming futures exchange<\/a><\/span>, <\/span>the newspaper<\/a><\/span> reports <\/span>El Dokany<\/span> as saying. Beltone is currently the only licensed market maker in Egypt. The EGX is also holding discussions with a number of local and Gulf banks to become members of the exchange\u2019s <\/span>clearing company<\/a><\/span>, he said. The company aims to recruit an initial 4-5 members, including commercial and investment banks ahead of the exchange\u2019s launch, he added.<\/span><\/p>\n

Four firms to manage Investor Protection Fund portfolio:<\/span> The board of the Investo<\/span>r <\/span>Protection Fund (IPF) has assigned the management of its EGP 320 mn financial portfolio to EFG Holding, Al Ahly Financial Investment Management, Beltone Financial and NI Capital, reports <\/span>Hapi Journal<\/a><\/span>. Moves to allow the fund to invest up to 10% of its EGP 4 bn funds to stimulate the stock market have been in the works since <\/span>at least 2020<\/a><\/span>. <\/span><\/p>\n

FINANCE-<\/span><\/p>\n

Erada Microfinance has secured a EGP 100 mn loan <\/span>from the National Bank of Egypt <\/span>for on-lending to micro firms, according to <\/span>a statement (pdf)<\/a><\/span> from the state-owned bank. The NBFS company <\/span>was launched<\/a><\/span> in January by the Sovereign Fund of Egypt (SFE) and Etisalat Egypt and aims to improve access to finance for micro and small businesses. Only last month it secured a <\/span>loan of equal size<\/a><\/span> from Banque du Caire. <\/span><\/p>\n

LOGISTICS<\/span><\/p>\n

KSA-based logistics startup <\/span>OTO<\/a><\/span> plans to expand into Egypt in 2024 <\/span>after launching <\/span>operations in Turkey, company <\/span>co-founder and CEO Mohammad Al Razaz told Enterprise Logistics. \u201cEgypt is our next target, and we aim to launch operations there at the beginning of next year,\u201d Al Razaz said. The company is currently operational in the GCC and Jordan and plans on further expansion in the MENA region, with a focus on North African markets. <\/span><\/p>\n

**<\/span>Read the full story<\/a><\/span> in this morning\u2019s edition of <\/span>Enterprise Logisti<\/span>cs. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Four international brands are now making smartphones here<\/p>\n","protected":false},"author":1,"featured_media":588475,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,102,68,72,10602,7087,7196,131,311,248,595,2313,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-588474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-capital-markets","tag-egx","tag-enterpriseam","tag-erada-microfinance","tag-finance","tag-industry","tag-manufacturing","tag-microfinance","tag-national-bank-of-egypt","tag-non-banking-financial-services","tag-ramy-el-dokany","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"82aa86b3-6811-401e-8ab0-2d2d528830de","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/575.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China\u2019s Vivo begins producing smartphones in Egypt. PLUS: A route for startups to raise via the EGX? + Erada Microfinance gets EGP 100 mn loan from NBE + Saudi logistics startup OTO plans Egyptian expansion","related_issue":[588450],"teaser":"Four international brands are now making smartphones here","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.370f9aa2-bf44-40e4-bc9d-896a2f5e6745.mp3"},"yoast_head":"\nChina\u2019s Vivo begins producing local smartphones - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/12\/chinas-vivo-begins-producing-local-smartphones\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s Vivo begins producing local smartphones\" \/>\n<meta property=\"og:description\" content=\"Four international brands are now making smartphones here\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/12\/chinas-vivo-begins-producing-local-smartphones\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-12T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/575.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/12\/chinas-vivo-begins-producing-local-smartphones\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/12\/chinas-vivo-begins-producing-local-smartphones\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"China\u2019s Vivo begins producing local smartphones\",\"datePublished\":\"2023-06-12T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/12\/chinas-vivo-begins-producing-local-smartphones\/\"},\"wordCount\":526,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/12\/chinas-vivo-begins-producing-local-smartphones\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/575.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"capital markets\",\"EGX\",\"EnterpriseAM\",\"Erada Microfinance\",\"Finance\",\"industry\",\"Manufacturing\",\"microfinance\",\"National Bank of Egypt\",\"non-banking financial services\",\"Ramy El Dokany\",\"Sovereign Fund of Egypt\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/12\/chinas-vivo-begins-producing-local-smartphones\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/12\/chinas-vivo-begins-producing-local-smartphones\/\",\"name\":\"China\u2019s Vivo begins producing local smartphones - 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Holding Company is considering expanding its portfolio to include financial leasing, factoring, and microfinance by acquiring existing entities or establishing new ones, said Chairman Basel El Hini.Other things we\u2019re keeping an eye on this morning: UK-based outfit Fosroc will manufacture and distribute construction chemicals in Egypt after setting\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546503,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/18\/rameda-ifc-collab-on-sustainability\/","url_meta":{"origin":588474,"position":3},"title":"Rameda + IFC collab on sustainability","author":"enterpriseam admin","date":"18 May 2022","format":false,"excerpt":"Rameda Pharma will work with the International Finance Corporation (IFC) to improve the sustainability of its operations, according to a joint statement (pdf) out yesterday. The partnership will help reduce the company\u2019s carbon emissions and water usage, and optimize resources used for production. The Sovereign Fund of Egypt has been\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/chinas-vivo-to-invest-usd-30-mn-in-egypt-over-two-years\/","url_meta":{"origin":588474,"position":4},"title":"China\u2019s Vivo to invest USD 30 mn in Egypt over two years","author":"enterpriseam admin","date":"16 June 2021","format":false,"excerpt":"Chinese smartphone maker Vivo is planning to invest USD 30 mn in Egypt over the next two years, Vivo Egypt chief executive Alex Jan told reporters in a presser yesterday, according to Hapi Journal. The plan includes establishing five new customer services centers by the end of 2021, two of\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/214.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":694244,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/16\/we-put-the-vivo-v60-to-the-test-to-see-if-locally-produced-smartphones-stand-a-chance\/","url_meta":{"origin":588474,"position":5},"title":"We put the Vivo V60 to the test to see if locally produced smartphones stand a chance","author":"enterpriseam admin","date":"16 April 2026","format":false,"excerpt":"With a price tag of some EGP 26-28k, the Vivo V60 is comfortably placed in the upper range of the mid-tier segment of the market","rel":"","context":"In "TECHNOLOGY"","block_context":{"text":"TECHNOLOGY","link":"https:\/\/enterpriseam.com\/egypt\/category\/technology\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/817.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/588474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=588474"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/588474\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/588450"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/588475"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=588474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=588474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=588474"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=588474"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=588474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}