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

  • US$ billions for Ivory Coast road expansion programme
    March 14, 2024
    Ivory Coast is investing US$ billions for its road expansion programme.
    Read More
  • Bauma exhibition is equipment launching ground
    April 3, 2013
    The huge bauma 2013 construction equipment exhibition due in April of this year will be the biggest ever at the site in Munich, Germany. This event will pack even more exhibitors onto the city’s former airport site, with a record number of visitors also expected. Some 3,256 exhibitors are booked for the show, which will be the 30th bauma construction machinery event and will cover a record 555,000m2. Major technical innovations will be highlighted and with the Stage IV/Tier 4 Final emissions regulations due
    Read More
  • Cat’s bigger precious metals engine rebuild kit range
    June 24, 2013
    Caterpillar has increased its precious metals engine rebuild kit range to include options for C-9 powered machines. Last year, Cat announced the availability of an initial phase of machine engine rebuild kits for certain machine models, including motor graders, hydraulic excavators, material handler and wheeled loaders, powered by 3406, 3306 and 3176 engines. Precious metals kits are available in four levels: Bronze, Silver, Gold and Platinum. Each kit is designed to save time and lower cost. Whether you do
    Read More
  • Quantm is making Trimble one of the world’s leading BIM market challengers
    December 19, 2016
    When Trimble first launched its Quantm software system a decade or so ago, the company was making an important step into end-to-end BIM modelling. The rules of the game were changing fast. Adrian Greeman reports When survey and machine control equipment maker Trimble bought the Australian road planning software system Quantm in 2006 it might not have realised quite what it was leading to. A decade later, Quantm is helping to put Trimble among the big players in the BIM (building information modelling) en
    Read More

Highlighted Content