Samsung’s latest foldables are available in the Kenyan market. You know this already but in case it still needs saying, they don’t come cheap.
The cheapest foldable from Samsung launched this year, the Galaxy Z Flip5, is going for a few thousand shillings shy of Kshs 200,000, a pretty penny in Kenya. Its bigger canvas sibling, the Fold5, fetches north of Kshs 300,000. Again, that’s a lot of money.
If you’re in the market segment that’s targeted by these high-value devices, you have two options when it comes to acquiring them: showing up at a shop with a wad of clean crisp notes running into the hundreds of thousands, use your card to pay online when you order the same way or, you know, since M-Pesa limits are no longer prohibitive, just do that… Send it via M-Pesa. The other option is to just get any of the devices through a financing plan, as Samsung announced at their launch.
Badili Africa and Absa Bank Kenya are the two partners that the Korean device maker is going with locally in this regard. The former offers to take any device you’re using, value it and use that value to offset the final amount you will pay for a swanky new foldable – or any other device for that matter. They will also just give you money in exchange for your old device. The latter, since they are a bank, will happily put money upfront for you towards your purchase and then you will settle with them later under their terms. As we found out, both options are fairly easy.
In this podcast, myself, Nick and Dickson (in the background handling the production) talk to representatives from the two companies as well as a representative from Samsung on device financing in Kenya in general and the specific arrangements they have for Samsung devices in the country.
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