Caterpillar establishes financing packages for African customers

New finance packages are now available for Caterpillar customers based in Africa, following an agreement between Cat Financial Services and Standard Bank. Standard Bank is Africa’s largest banking group and has set up a collaboration agreement with Dubai-based Caterpillar Financial Services (Dubai) Limited (Cat Financial). This new partnership will offer a range of financial services to Caterpillar customers in six African countries. The collaboration will be branded Cat Financial Services, Services Provide
October 17, 2012 Read time: 2 mins
New finance packages are now available for 178 Caterpillar customers based in Africa, following an agreement between Cat Financial Services and 6737 Standard Bank. Standard Bank is Africa’s largest banking group and has set up a collaboration agreement with Dubai-based 6736 Caterpillar Financial Services (Dubai) Limited (Cat Financial). This new partnership will offer a range of financial services to Caterpillar customers in six African countries. The collaboration will be branded Cat Financial Services, Services Provided by Standard Bank Group. The asset financing will be offered in Nigeria, Kenya, Uganda, Tanzania, Ghana, and Sierra Leone. These countries are covered by the 2411 Mantrac Unatrac Group. The venture is going live in Nigeria and Ghana first, with a range of financial products and services then being phased in to the other countries over a period of time. This arrangement supports Cat Financial’s goal to increase its brand presence in Africa and grow business in southern, central and western Africa. A range of asset related financial products and value add-ons will be made available to customers, subject to the regulations in country. The initial value add-on products will be comprehensive asset insurance and credit life.
Finance & Funding

For more information on companies in this article

Related Content

  • Mega city transport in Mexico
    June 13, 2012
    Rapid urban growth is resulting in massive mega cities with major transport needs and Mexico City is one of the world’s largest – Mike Woof reports Mexico City is a vast, sprawling metropolis and one of the world’s largest cities, resulting in huge problems for its inhabitants, particularly with regard to infrastructure. Measuring population size is an inexact science for large cities as suburban areas can add to the figures considerably, especially in developing nations where unplanned expansion is as comm
    Read More
  • A new road maintenance approach developed jointly can improve efficiency
    April 11, 2013
    Innovative road maintenance solutions in Austria. A sophisticated system for managing maintenance tasks has been developed in Austria to meet the specific needs of a highway concession package. Bonaventura Straßenerhaltungs-GmbH is a 100%-owned business of the French company Egis Road Operation S.A., and was founded to provide the road maintenance services of the first Austrian PPP infrastructure project "Ypsilon"(PPP-Ostregion, Paket 1) granted by ASFINAG. The concessionaire won a 30-year contract in 2006
    Read More
  • Improved excavators from major firms
    January 31, 2022
    New excavators are being offered that offer improved performance over previous generation machines
    Read More
  • Innovations in earthmoving machines
    March 16, 2012
    The earthmoving machine market is seeing major innovations for 2012 - Mike Woof reports. The early part of 2012 is seeing a whole array of new earthmoving machines come to market from a vast range of manufacturers. Companies from China, Europe, Japan, South Korea, Turkey and the USA will all be unveiling new earthmoving equipment at the upcoming Intermat exhibition, with innovative emission compliant engine and cooling technology.
    Read More

Highlighted Content