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

  • SaferAfrica Project discusses Data Collection in Africa
    July 5, 2018
    Members of the consortium of the EU-funded SaferAfrica project met in Athens on 24-27 April 2018 to discuss advancements and to present first results to the management board. IRF (Geneva) is a member of the consortium and shared its experience on data collection during the dedicated workshop held jointly with the management board. Representatives from the African Development Bank, UNECA, SSATP/World Bank, FIA, WHO, IRTAD, RU and PIARC were also present to address the issue of data in Africa and the specific
    Read More
  • Aximum gains strength in route safety systems
    March 1, 2012
    Aximum is a comparatively new organisation, but it incorporates many old-established companies in the route safety business. As Alan Peterson discovered, it is 'ready to pick up speed'. A few weeks ago the French-based Aximum Group added a fourth international subsidiary to its portfolio of businesses at the end of what has been a busy period for the fledgling company.
    Read More
  • As one of China’s largest construction machinery manufacturers XCMG also has one of the broadest product ranges
    November 13, 2014
    XCMG is developing its presence in the road machinery sector – Mike Woof writes The road machinery division of XCMG is an increasingly important part of the firm’s overall operations and now produces an extensive range of machines to meet customer needs. Guo Chaohui is vice general manager of this segment and said, “Our aim is to become a world class leader of road machinery. We want to introduce the company on the international market and raise the firm’s profile.” XCMG already holds a strong position
    Read More
  • As one of China’s largest construction machinery manufacturers XCMG also has one of the broadest product ranges
    January 6, 2017
    XCMG is developing its presence in the road machinery sector – Mike Woof writes The road machinery division of XCMG is an increasingly important part of the firm’s overall operations and now produces an extensive range of machines to meet customer needs. Guo Chaohui is vice general manager of this segment and said, “Our aim is to become a world class leader of road machinery. We want to introduce the company on the international market and raise the firm’s profile.” XCMG already holds a strong position
    Read More

Highlighted Content