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

  • GRAA winner profile: world’s longest suspension bridge has opened in Turkey
    May 3, 2022
    The opening of the majestic 1915 Canakkale Bridge on March 18, 2022, well ahead of its initial schedule, has set new records for Turkey and international bridge engineering. After Istanbul's three bridges over the Bosphorus Strait, Turkey now boasts a fourth bridge connecting Europe and Asia, and the first to span the Dardanelles Strait.
    Read More
  • Rubber recycling for South African roads
    November 5, 2012
    South Africa takes crumb rubber use to the next level - *Anders Marschall Jensen The preservation of the environment is a global concept, and in the road construction industry, it is all about preservation of roads. In earlier days, roads were built with the primary goal of moving passenger traffic from one place to another, but these days, roads are very different. Not only is there passenger traffic, and more of it, but roads must also deal with extensive movement of products in heavy vehicles. Therefore,
    Read More
  • Britain’s M6toll rewards its 190 millionth customer
    May 18, 2016
    Britain’s M6toll motorway - now up for sale - has awarded its 190 millionth customer with a year’s free travel. James Hodson, director of motorway operations for toll road operator Midland Expressway, said it could save the driver around €2,550 over the year. The driver’s car was fitted with an M6toll Tag, a small electronic device fitted to a vehicle’s windscreen. It allows users to pre-pay for their journeys and pass through a dedicated lane usually without the need to stop. Tags normally cost a mon
    Read More
  • Skid steer loader - more versatile than a jack of all trades
    February 17, 2012
    The skid steer loader has for many years been known as a jack-of-all-trades. Indeed the term loader can be a bit misleading, as a skid steer is far more than simply a digging or lifting machine. Skid steers, and their more recent compact tracked loader stablemates, are the original powered tool carriers. They are designed to work with a host of attachments, not just a bucket or pallet forks. However while this concept of one base machine and a multitude of attachments has been a big success in North America
    Read More

Highlighted Content