Phoenix expands across Africa
BUSINESS| Oct. 16, 2012, 8:04 a.m.
Specialist distribution house Phoenix Distribution is expanding across the continent, opening branches in a number of African countries to meet the needs of its African resellers.
“Telecommunications, banking, and retailing are flourishing across Africa. Construction is booming. Private investment inflows are surging,” says Simon Campbell-Young, CEO of South Africa-based Phoenix Distribution. “This has had a knock-on effect, resulting in increased trade across many sectors, but especially in technology.”
This is one of the reasons that Phoenix Distribution has expanded up the continent, opening branches in a number of African countries to meet the needs of its African resellers. In addition to its original South African, Zimbabwean and Zambian branches, the company now has operations in Nigeria, Angola, Kenya and Tanzania. This growth, Campbell-Young explains, was the result of requests from resellers requiring on-the-ground service and support as well as the opportunities offered by each country.
“When we embarked on our growth strategy, we initially focused on the South African market. But after repeated requests from African resellers who were purchasing from us, we actively evaluated potential opportunities on the continent. Not only did we have an established base of resellers in many of these countries, but Africa’s strong long-term growth prospects made it a sound business decision to expand our operations into a number of African countries. Now, our Zambian business has grown to the extent that we recently moved into new premises to better serve our customers, and our other African operations are showing steady returns too.”
While many of Africa’s economies face serious challenges, a number of countries are among the world’s most rapidly growing economies. The need for ICT products and services in these growth areas is expanding accordingly, and this acceleration is a sign of hard-earned progress and promise, says Campbell-Young. “Africa’s collective GDP, at USD1.6 trillion in 2008, is now roughly equal to Brazil’s or Russia’s, and there is massive potential. We have used this potential to create opportunities and to satisfy the unmet demands of African businesses.”
MORE BUSINESS NEWS
Huawei denies links to BTCL IPOContrary to the much harped statement that the BTCL IPO is only reserved for locals in Botswana, there has been much speculation about multinational companies angling for a share in BTCL. Read More
The benefit cycle: how ICT and skills will sustain each-other in developing AfricaICTs can develop skills, which in turn can develop the ICT sector, in a ‘benefit cycle’ that can propel Africa into the mainstream knowledge economy. But more effort is needed to get this wheel rolling, says Ayanda Dlamini, Business Development Manager at LGR Telecommunications. Read More
Nigerian carrier frets over naira devaluation, general electionsNational carrier Globacom says it is worried over the devaluation of the naira and the uncertainties hanging in the air about next month’s general elections in the country. Read More
150 entrepreneurs advance to quarter-finals of Digital Change-makers competition150 young Ghanaian entrepreneurs with varied digital solutions to improve the lives of Ghanaians, especially children, have made it to the quarter-finals of the Tigo Digital Change-makers competition. Read More
VMware reports fourth quarter and full year 2014 resultsVMware, the global leader in virtualisation and cloud infrastructure, has announced financial results for the fourth quarter and full year of 2014. Read More
Maroc Telecom completes Moov takeover for 474 million eurosMaroc Telecom said this week that it has completed the takeover of all Moov operations in six African countries to the total value of 474 million euros. Read More
Citrix: SA office workers lose up to 559 hours a year due to lack of flexible work optionsA Citrix study has found 20% of South African office workers work longer hours than contracted; losing up to 559 hours per year. Flexible working hours and the use of technology could improve the situation, it says. Read More
Wananchi Telecom prepares for rapid growth across Africa with global network services from EpsilonLeading East African carrier Wananchi Telecom has partnered with Epsilon to connect African customers to more than 170 countries around the world. Read More
Setback for BTCL IPO as workers cry brokeWith the Privatisation of Botswana Telecommunications Corporation Limited privatisation nearing completion, employees claim they do not have the funds to buy the five percent of shares allocated to them. Read More
Nomanini takes Africa by storm using Google Cloud PlatformNomanini, a Cape Town-based mobile point of sale service that specialises in facilitating cash payments in emerging markets, has successfully scaled into six countries across Africa in just four years, using Google’s Cloud Platform. Read More
FEATURED STORYUCC launches 2015 ACIA awards
Uganda has launched the fifth Annual Communications and Innovation Awards, which celebrate and foster ICT innovation and achievement.
BEST READ NEWS
IN DEPTHKenya’s digital TV battle hots up
Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.
COMPANY NEWSAlbany CTG, Microsoft, collaborate on School of Government Program
The University at Albany’s Center for Technology in Government (CTG) has announced its collaboration with Microsoft Corporation to deliver executive level training to government leaders in Africa ...