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

  • US$295 million funding for Uganda
    May 15, 2024
    A US$295 million funding package is being supplied to Uganda.
    Read More
  • Mombasa to Lagos highway proposed by African Union special envoy
    November 2, 2018
    A new highway connecting Kenya’s port of Mombasa with Nigeria’s commercial centre and main port of Lagos has been put forward by a special envoy to the African Union. The Kenyan opposition leader, Raila Odinga, was recently appointed to the post of special envoy to the African Union and announced the plan for a new transport connection between Mombasa and Lagos. This 6,000km route would provide an important economic link between two of Africa’s main ports. Although most of the route between Mombasa and
    Read More
  • Emissions legislation update
    July 20, 2012
    World events are driving the new focus on fuel economy for diesel engine development Spiralling fuel prices have put a new spin on technological developments in the engine and driveline sector. Recent legislation has been pushing manufacturers to develop cleaner running engines that are quieter and offer drastic reductions in exhaust emissions. For the engine and driveline manufacturers, research and development aimed at reducing engine fuel consumption is in hand but the market conditions have placed fresh
    Read More
  • Cat’s new backhoes
    April 11, 2013
    The new Cat 434F backhoe loader is solely mechanically controlled, while its fellow new backhoe model, the Cat 444F, is equipped with pilot joystick controls and can be fitted with either a 4.27m or a 4.87m backhoe. The upgraded machines are part of Caterpillar’s development of its equal-sized tyre (EST) machine range in line with the rest of the F Series product family. In the European Union (EU), the Cat F Series backhoe loaders feature the EU Stage IIIA emissions standard Cat 4.4 engine. These are said
    Read More

Highlighted Content