Egypt’s first smartphone maker will assemble handsets for other companies as it seeks to become the main contract builder of electronics bound for the rest of Africa. SICO Technology, which makes its own Nile X brand of handsets that sell for as low as $80, has begun to build smartphones for Indian and Chinese firms and will eventually produce items like TVs, satellite receiver boxes and electronic-payment systems under contract, Chief Executive Officer Mohamed Salem said in an interview.
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