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The state-of-the-art facility is a joint venture between local telecommunication companies and international device manufacturers.
The initial mobile phone models at the launch will include the 4G-capable Neon 5-inch “Smarta” and the 6-and-a-half-inch “Ultra”.
These smartphones will be accessible across the entire nation, with distribution points at Faiba stores, dealer outlets, Safaricom branches, and the online Masoko platform.
EADAK CEO Joshua Chepkwony emphasized that this assembly plant aligns with the government’s goal to promote digital inclusion within the country.
The factory is expected to create between 300 and 500 direct job opportunities.
The launch of EADAK is a significant development for Kenya’s economy and its citizens. The facility will create jobs, boost domestic production, and make smartphones more affordable for Kenyans.
The new smartphone assembly plant is also a positive development for the region as a whole.
It is the first such facility in East Africa, and it is expected to attract other investors to the region.
TerraPay, a digital payments platform focused on Africa, has announced a $95 million debt financing round to accelerate low-cost remittance transactions across the continent.
Ethiopia’s agricultural sector, the Ethiopian Agricultural Businesses Corporation (EABC), Ethiopian Investment Holdings (EIH), and UK-based private equity firm Asset Green have entered into a shareholders’ agreement to launch a comprehensive dairy and crop farming initiative.
Kenyan-based digital bank Umba has secured a $5 million debt facility from Star Strong Capital to accelerate its growth and reach more customers across Africa.