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Business

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Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

NGX T+2 Settlement Cycle ‘Goes Live’ Event

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FG Reassures Investors, Pledges Balanced Capital Gains Tax Outcomes as NGX Lists MREIF

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Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

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NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

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Insurance

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

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Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

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AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

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Sovereign Trust Insurance Secures Board’s Approval to Raise N5bn Capital

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Insurers Support Partnership with State Govts to Drive Insurance Penetration in Nigeria

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Business

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

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NIPR Institutes Annual PRICE Awards, Fixes 7th Dec for Ceremony

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LASAA Staff Faces Sanctions for Policy Breach after Viral Allegation, Cleared of Fraud

The Lagos State Signage and Advertisement Agency (LASAA) has...

Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Insurance

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

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Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

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AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

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Sovereign Trust Insurance Secures Board’s Approval to Raise N5bn Capital

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Africa: Smartphone Market Records 14% Growth in Qtr 1, 2021

Newly released data from IDC’s Worldwide Quarterly Mobile Phone Tracker shows that Africa’s overall mobile phone market enjoyed year-on-year (YoY) growth of 14.0% in Q1 2021 to total 53.3 million units.

The region’s smartphone market grew 16.8% over the same period to 23.4 million units, while the feature phone market was up 11.9% to 29.9 million units.
Africa’s major smartphone markets performed well in Q1 2021, with the exception of South Africa, where the main vendors faced supply shortages and an economic environment that negatively impacted demand. Egypt had one of the highest growth rates in the region in Q1 2021, thanks to strong local demand, the easing of COVID-19 restrictions, and major vendors like Samsung and Oppo increasing their shipments into the country. Nigeria also enjoyed a strong YoY growth rate due to the release of pent-up demand and increasing shipments of Transsion and Samsung devices into the market.
Transsion brands (Tecno, Infinix, and Itel) continued to lead Africa’s smartphone space in Q1 2020, with a combined unit share of 44.3%, followed by Samsung and Oppo with respective shares of 22.9% and 8.3%. Transsion brands also dominated the feature phone market, with a combined unit share of 78.7%, followed by Nokia and Stylo with respective shares of 8.1% and 1.7%.
The ultra-low-end price band (less than $100) accounted for 42.0% of the market’s shipments in Q1 2021, down from 49.6% in Q1 2020. Meanwhile, the low-end price band ($100 to $200) saw its share increase from 35.2% to 43.3% over the same period. “The increased specs and attributes in smartphones are driving prices upwards, as evidenced by the growth of the low-end price band,” says Taher Abdel-Hameed, a Senior Research Analyst at IDC.

“The main vendors, like Transsion, Samsung, Oppo, and Xiaomi, all launched new feature-rich models in this price band. These models were well received by channels and customers alike, feeding the growth of low-end price band.”

Looking ahead, IDC expects Africa’s smartphone market to grow 5.6% YoY in unit terms for 2021 as a whole. “Despite supply shortages impacting mobile phone vendors, the major brands succeeded in broadening their model portfolios and driving growth in their shipments into Africa during Q1 2021,” says Ramazan Yavuz, a Senior Research Manager at IDC.

“With vaccination programs expected to accelerate and economies slowly regaining health in the second half of the year, consumer demand is expected to pick up, helping the region’s smartphone markets to build on the growth seen in Q1 2021 throughout the remainder of the year.”

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Akon says Singing Has Given Him a Platform to Promote Africa

622m Africans Lack Electricity Unveils Akon Lighting Africa Initiative Grammy-nominated hip-hop artist Akon says being a successful entertainer has given him a platform to pursue his dream of helping Africa grow and prosper. The performer, songwriter and producer was born in the U.S. of Senegalese parents and reared in both countries. He started an initiative called "Akon Lighting Africa" two years ago with a goal of bringing electricity to a million homes by the end of 2014. Click here to make a lazy tweet.
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