Intel, partnering with Safaricoma Kenyan based provider, has announced a new smartphone, the Yolo, headed to African markets. Back at CES, Intel took to the stage to introduce Lexington, which is their new processor targeted at emerging markets. The Yolo is the first smartphone to have that chip and looks positioned to make quite an impact in emerging markets.

The Intel Yolo will contain:

3.5-inch screen (320 x 420)

1.2GHz processor

512MB RAM

4GB internal storage

micro-SD slot that supports up to 32GB

Bluetooth 2.1

Android 4.04 (Ice Cream Sandwich)

5MP camera

The specs are low to mid-range because that's what this phone is aimed at. Intel wants to make a real push in emerging markets and the Yolo looks poised to do just that. Kenya will be the first market in Africa to get the phone, but we're betting that we'll see it in other markets soon. The phone will cost Ksh 10,999, which is about $125.It will also come bundled with 500MB.

Source: Intel; Techweez