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

  • Emissions legislation driving machinery design
    June 13, 2012
    Legislative and economic factors are impacting upon the earthmoving equipment market - Mike Woof reports No-one who has any connection with the construction equipment sector can have failed to notice that increasingly tough emissions legislation has changed the shape of machines over the last 10 years or so. A series of targets have been set and met with regard to the exhaust emissions permitted from off-highway machines used in North America and Europe. The latest round of requirements has seen the intr
    Read More
  • Cold milling popular for road materials recycling
    July 4, 2012
    Milling techniques remain one of the most widely used recycling methods Well-proven, cold milling techniques remain one of the most widely used methods for materials recycling in road construction. Milled road materials can be cleaned up and re-used in both asphalt and concrete highway construction. German firm Wirtgen has long dominated the market for road milling machines and has the largest share of the sector (as well as the broadest product range), although other firms based in Europe and the US are be
    Read More
  • Innovative solutions to earthmoving needs
    January 3, 2013
    Several manufacturers are offering improved earthmoving machines, with more to come - Mike Woof reports. One of the most notable developments comes from Caterpillar, with the unveiling of a hybrid excavator in the shape of its 336E H model. The machine is having its public launch at the bauma exhibition in Spring 2013 and will start rolling out of the factory in March 2013, while customers will be able to place orders from February 2013. Unlike other hybrid excavators on the market at present, the Cat 336E
    Read More
  • Doosan’s DA40 ADT for rent, Norwegian style
    May 18, 2018
    Hæhre & Isachsen has purchased 20 Doosan DA40 Stage IV/Tier 4 Final compliant articulated dump trucks – the largest Doosan ADT order in Scandinavia. The previous record was also with Hæhre for 10 Doosan ADTs. With the 20 new DA40 ADTs, 51 of Hæhre’s 59 ADTs will be Doosan. Two of the remaining eight are dump trucks in sizes Doosan does not have in its range. Rental business Hæhre & Isachsen Maskinutleie is part of BetonmastHæhre Anlegg - formerly called Hæhre, one of Norway's largest road and civil engine
    Read More

Highlighted Content