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

  • Terex Trucks expands dealers with Malaysia appointment
    March 24, 2017
    Terex Trucks has appointed a new dealer for Malaysia. This agreement has been struck to further support and supply the range of rigid haulers in South East Asia. As a result, Volvo Malaysia Sdn Bhd is now the official dealer for Terex in Malaysia, a move that will help strengthen the distribution footprint as well as supporting customers while also developing the brand in the APAC region. Volvo Malaysia is a leader in the distribution, sale, and support of construction equipment for mining and quarrying
    Read More
  • IRF Road Scholar Program 'a tremendous success
    April 11, 2012
    IRF is continuing its proven programme of developing the skills and knowledge of young highway professionals Asked what his career goals are, Leslie Mills, an aspiring civil engineer from Ghana indicates he hopes, "...to be part of the next generation of African engineers that will help solve some of the fundamental ills affecting transportation infrastructure in Africa." The 63rd class of IRF fellows attended a 10 day IRF road scholar programme from January 18 to 27, 2012. "The potential of building a pro
    Read More
  • Trimble’s innovation with new technology
    January 11, 2019
    Trimble is developing highly advanced technologies for the construction and quarrying sectors – Mike Woof writes Trimble is working on a number of highly innovative technologies that could revolutionise the construction and aggregates production sectors. Perhaps the most eye-catching of all of these innovations is for the autonomous compactor and dozer system Trimble is in the process of developing at present. Scott Crozier is general manager of Trimble’s general construction division. He said that whi
    Read More
  • India plans major infrastucture investment
    February 10, 2012
    India says it turned its Commonwealth Games into a world-class success, and now it aims to do the same with its infrastructure. Patrick Smith reports. On October, 2010 India put itself on the world stage, and disaster appeared to loom as a catalogue of problems dogged its biggest ever sporting event. Costing nearly US$2 billion to stage, the most expensive Commonwealth Games ever were, according to some, in doubt.
    Read More

Highlighted Content