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

  • Key Russian road construction complete
    December 5, 2016
    Construction work on the Central Section of Russia’s Western High-Speed Diameter (WHSD) in St Petersburg is complete, with some small detail work now being finished off. The WHSD connects the Southern, Central and Northern sections of St Petersburg and will open to traffic at the end of December. VTB Capital was a key participant in funding the construction of the Central Section and is a major shareholder in the consortium that will operate the entire WHSD route.
    Read More
  • Deutz and Liebherr strike engine supply agreement
    September 7, 2017
    Deutz and Liebherr have agreed a cooperation deal. This collaborative arrangement will provide Deutz the global distribution and service rights for Liebherr diesel engines in various applications and with power outputs from 200 - 620kW. Series production start-up is planned for 2019, in time for the introduction of the new EU Stage V emissions standard.
    Read More
  • Cat Financial Services announces third quarter 2014 results
    October 23, 2014
    Cat Financial Services, the finance arm of Caterpillar Inc., reported third-quarter 2014 revenues of US$743 million, an increase of $44 million, or 6%, compared with the third quarter of 2013.
    Read More
  • Caterpillar’s excavators for emergent markets
    May 20, 2019
    Caterpillar says that its Next Generation 30tonne class excavators, the 330 and 330 GC, meet the needs of customers in emergent markets. These machines offer gains in operating efficiency, as well as lower fuel and maintenance costs and improved operator comfort. The new excavators offer features designed to match productivity and cost targets. Delivering high-production performance, the new Cat 330 features standard integrated Cat Connect technology and the most power and lift capacity of the two model
    Read More

Highlighted Content