HMD and Rokbak Offer Flexible Financing Solutions for West Africa
Rokbak has announced a new partnership with HMD, which brings flexible financing options supported by export credit agencies and private risk insurers for projects in West Africa.
Since June 2024, when West African equipment dealer HMD officially introduced the Rokbak brand to Nigeria, Ghana, Senegal, Benin, Guinea, and Côte d’Ivoire, the articulated dump trucks RA30 and RA40 have proven a strong fit for the region’s challenging landscapes. “However, it is not just the haulers’ robust design and fuel efficiency that are drawing attention – it is also the availability of attractive financing,” the company emphasized. Through UK Export Finance (UKEF), the Swedish Export Credit Agency (EKN), and a network of private risk insurers, HMD customers could access competitive financing packages, designed to facilitate the purchase of Scottish-made articulated dump trucks from Rokbak – part of the Volvo Group – for large scale construction, infrastructure, quarrying and mining projects.
These flexible financing solutions would reduce the financial burden of fleet expansion with affordable interest rates, extended repayment periods, and structured payment plans tailored to meet the demands of West African operations. This support would be particularly valuable for projects requiring multiple articulated dump trucks or complete fleet solutions, allowing growing businesses to enhance their capabilities with high-quality equipment confidently.
Driving growth across West Africa
As reported, the offer of financing backed by export credit agencies and private risk insurers is one element of Rokbak’s long-term growth strategy in West Africa together with its dealers. Africa’s construction market is currently valued at 58.42 billion US-Dollar and is projected to grow to 74.81 billion US-Dollar by 2029, the company underlined. “Notably, West Africa’s construction sector is witnessing significant expansion, fueled by rapid urbanization, infrastructure development, and thriving mining activities. With a focus on strengthening local partnerships, increasing brand visibility, and providing operator-training programs, more and more contractors in the region will be able to benefit from the RA30 and RA40 haulers’ robust and reliable performance.”
(Published in GLOBAL RECYCLING Magazine 1/2025, Page 35, Photo: Rokbak)
