Africa-Press – Uganda. In a move set to transform Uganda’s construction, agriculture, and manufacturing sectors, DFCU Bank has partnered with Mantrac Uganda, the authorised dealer of Caterpillar equipment since 1991, to make world-class machinery more accessible through affordable asset financing.
The partnership, announced by Mantrac Managing Director Mohamed Ibrahim, DFCU Executive Director Kate Kiiza, and DFCU Senior Manager for Asset Finance Gloria Namutebi, seeks to empower Ugandan businesses with reliable, high-quality equipment while addressing one of the biggest barriers to productivity—financing.
Mohamed Ibrahim explained that Caterpillar equipment serves a wide range of industries, including agriculture, construction, mining, quarrying, and aggregates.
He noted that many clients desire quality machinery that guarantees higher productivity and less downtime, but financing often remains a major challenge.
“The partnership with DFCU is helping both Mantrac and our customers to overcome one of the biggest challenges—access to financing,” Ibrahim said.
“Our equipment is known for durability and performance, and our 24/7 product support team ensures customers receive continuous assistance to maintain high productivity. With DFCU’s financial support, more clients can now access this equipment and improve their operations.”
Namutebi emphasised that the partnership is designed to support a wide range of clients—from individual entrepreneurs to large corporations. She noted that DFCU has been in the leasing business for nearly 60 years, offering various solutions under its asset finance program.
“Our partnership with Mantrac will help individual customers, SMEs, and corporate companies especially those in construction, manufacturing, and agriculture access dependable and high-quality Caterpillar equipment,” Namutebi said.
To make this possible, DFCU is offering up to 90 percent financing for customers purchasing Mantrac equipment. Each package includes a two-year warranty and a 15 percent insurance discount from Britam Insurance.
Namutebi added that asset financing has gained momentum in recent months, with more factories being established and roads constructed across Uganda as agriculture becomes increasingly commercialised.
“For us to sustain this growth, we must support our clients so that they can quickly access the right tools for the job,” she added.
DFCU Executive Director Kate Kiiza reaffirmed the bank’s commitment to transforming lives and businesses across Uganda. She said the partnership with Mantrac reflects DFCU’s purpose and demonstrates its belief in enabling growth through practical financial solutions.
“By partnering with Mantrac, we are bringing world-class equipment closer to Ugandan businesses,” Kiiza said. “We are making it affordable for individuals, SMEs, and large corporates alike by offering flexible financing.
In addition, every piece of equipment purchased under this partnership comes with operator training, proper servicing, and access to genuine spare parts.”
She added that the partnership would not only enhance productivity but also create employment and improve efficiency across key sectors.
“The reliability of the equipment, the training, and the servicing provided will help increase employment, enhance productivity, and improve project execution timelines. These are key factors in achieving the tenfold growth that Uganda aspires to,” she said.
Through this collaboration, DFCU Bank and Mantrac Uganda are positioning themselves at the heart of Uganda’s economic transformation.
By bridging the gap between access to quality machinery and affordable financing, they are empowering local entrepreneurs and companies to scale their operations, boost productivity, and drive industrial growth.
As Kiiza concluded, “This partnership is not just about selling equipment—it’s about powering progress, building industries, and helping Uganda move forward.”
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