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

  • IRF Geneva takes centre stage at the 1st Africa Road Safety Forum
    January 15, 2019
    Africa has 2% of the world’s cars but 16% of the world’s road deaths, and more than 300,000 people lose their lives in road traffic crashes in the region every year, while thousands more are injured. Against this background the 1st Africa Road Safety Forum was organised in Marrakech, Morocco on 13-15 November. The event had the support of IRF (Geneva) and provided an opportunity to present the newly created IRF Global Road Data Warehouse and to mark the establishment of an IRF Africa. The event was placed
    Read More
  • Kenya: Mobilizing partnerships for better road safety data and action
    January 26, 2020
    IRF and the Global Alliance of Road Safety NGOs have hosted the first training of the LEARN project in Nairobi, Kenya.
    Read More
  • Lagos state lights up with Low Energy Designs
    June 27, 2018
    Nigeria’s Lagos state government has outsourced around a third of its street lighting under a deal with UK manufacturer Low Energy Designs. The partnership deal will see LED replace up to 10,000 lights over 300km of state roads within the next year at a cost of US$7 million, Nigeria’s media reported. Products will be from Low Energy Design’s Phoenix Ultra and Norrsken ranges. Included is the deployment of the company’s HESS - hybrid energy storage system – units of which will also be installed across the h
    Read More
  • Materials testing developments include a new in-depth training service
    April 4, 2014
    Among the new developments in materials testing highlighted this month is a brand new idea from one manufacturer: in-depth training to help upskill technicians in developing countries - Kristina Smith reports CONTROLS has added another dimension to its business with the launch of a specialist training service: CONTROLS Academy Centre. In what the construction testing equipment manufacturer believes is a first for the industry, CONTROLS will be providing in-depth theoretical and practical training to thos
    Read More

Highlighted Content