African smartphone market grew by 6%

Smartphone financing company M-KOPA hailed reaching the milestone of providing over five million customers with loans in Africa totalling US$1.5 billion.

Despite the surge in demand for smartphones last year in Africa, feature phones continue to hold their ground and account for a substantial 52% of market share on the continent.

The Chinese smartphone market experienced 10% growth in the second quarter with units reaching 70.5 million units, and local vendors occupying the top five spots for the first time.