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

  • Plans in hand for Uganda’s key highway upgrade
    July 25, 2014
    In Uganda planning is underway for the upgrade of the Kampala-Jinja route. Preparations are being made for a new tolled highway connecting with capital Kampala. The upgrade will see the route being widened with four lanes for much of the length, six lanes on the approach to Kampala and up to eight lanes where vehicle densities will be heaviest to carry the capital’s traffic. The construction work is expected to cost some US$74 million and the new link will connect with the existing Kampala-Entebbe highway.
    Read More
  • All roads lead to Dubrovnik: Corridors for Shared Prosperity
    December 13, 2018
    The European Union Road Federation is organising, in cooperation with the International Road Federation (IRF), the Croatian Roads Company (Hrvatske Ceste), the Croatian Road Association (Via Vita) and the University of Zagreb, the European Road Conference under the theme Corridors for Shared Prosperity in the iconic city of Dubrovnik, from 22 to 24 October 2018 Due to its privileged geographical position, Croatia represents a key crossroads in the connectivity of the South East Europe region, securing a
    Read More
  • Australia responds to infrastructure funding challenge
    July 13, 2012
    The Global Financial Crisis (GFC) has drastically changed the way governments and the private sector is prepared to procure vital infrastructure projects, says Philip Davies Governments have responded to the GFC by focusing on long term investment in transport infrastructure and shorter term stimulus packages to kick-start economies. As these projects proceed, the focus will shift to maintaining and achieving maximum benefits from assets and future infrastructure funding. The Public Private Partnership (PP
    Read More
  • Metso unveils aggregates industry Life Cycle Services packages
    April 14, 2016
    Savvy aggregate industry customers can use Metso’s three new Life Cycle Services (LCS) packages to reach their lowest sustainable cost structure. The Equipment Support Service package secures your assets through inspections, extended warranty coverage and inventory and parts planning. The Maintenance Service package sees service experts taking more responsibility for your plant’s reliability, through the development of a comprehensive maintenance strategy. The third, top level package is a comprehensive pro
    Read More

Highlighted Content