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

  • From Bangalore to Dumfries, plastic waste technology is reinforcing our roads
    May 2, 2018
    At last some good news about plastic waste: road authorities around the world are starting to use it in their roads - Kristina Smith reports.
    Read More
  • New industry developments push boundaries of machine control
    May 22, 2014
    A series of innovations in machine control or automation technologies are helping transform the construction industry - Mike Woof writes Equipment manufacturer have made huge advances in machine performance, delivering new models that offer increased capabilities and productivity, while using less fuel. Reliability and uptime too have been improved, with the development of equipment that can forestall unplanned downtime by telling the user when it will require service attention. Meanwhile new engines delive
    Read More
  • Dubai Chamber endorses Libya conference
    June 14, 2012
    Dubai Chamber of Commerce and Industry has extended its support and endorsement to a major upcoming conference on Libya. The Libya Infrastructure & Rebuild Conference is to be held from 27-28 June at Dubai’s Dusit Thani Hotel. Over 150 delegates from Canada, China, Germany, Egypt, Italy, the UAE, the UK, the GCC (Gulf Cooperation Council), the Middle East, the US and other countries, will be participating in the event Atiq Juma Nasib, senior director, Commercial Services Sector, Dubai Chamber, will delive
    Read More
  • New Sudan link will boost economic development
    February 21, 2013
    South Sudan’s new showpiece road has reduced travelling times and improved access to markets and basic services. Shem Oirere reports Bituminous surface treatment is common for highways with low-traffic or for the rejuvenation of a weakening asphalt concrete pavement. But this is what the 192km Juba-Nimule Highway in the world’s youngest nation, South Sudan, needed in its reconstruction to bring it to international standards. Commissioning of the highway effectively erases the tag ‘landlocked’ from South Su
    Read More

Highlighted Content