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

  • New barrier, crash cushion and access control technology will benefit road user safety
    October 26, 2012
    Protecting road users, with barriers, crash cushions or access control systems, is crucial for network safety - Mike Woof writes Tough regulations are now in place in Europe and the US, requiring road authorities to provide safer road infrastructure than in the past. Technologies to reduce the severity of vehicle impacts against obstructions or redirect vehicles into the roadway should help cut injuries amongst drivers and passengers alike. The specifications for the use of crash cushions and barriers can v
    Read More
  • Caterpillar opens new Chinese facilities and celebrates 20th anniversary
    March 31, 2014
    Caterpillar’s Chinese excavator facility in Xuzhou, China has celebrated its 20th anniversary since its opening. The Caterpillar (Xuzhou) facility was the firm’s first hydraulic excavator manufacturing factory in China and the company has now extended its capabilities by opening the additional Caterpillar Chassis (Xuzhou) plant. The opening was celebrated in an event attended by Caterpillar’s key executives. Following a series of investments, Caterpillar (Xuzhou) has now become the world's largest excavator
    Read More
  • Develop the Silk Roads, boost economic growth
    April 12, 2012
    Tony Pearce, honorary life member and former director-general of IRF Geneva, recalls the history of the Silk Roads, highlights their continued economic relevance and introduces IRF's active long-term commitment to their rehabilitation.
    Read More
  • SANY Road Machinery is looking to increase export levels
    March 4, 2015
    SANY Road Machinery says that its machines offer customers a very good return on investment - Mike Woof writes. SANY Road Machinery looks set to boost its profile outside of China. The company has been focussed on the Chinese home market in recent years, due to the massive highway expansion programme in the country. However with 80% of the country’s highway construction programme now complete, SANY Road Machinery is looking to further develop its export business. Wang Zuochun is senior vice president at SAN
    Read More

Highlighted Content