Kate K. Kiiza, Executive Director of dfcu Bank (4th from right), and Ahmed Ibrahim, Managing Director of Mantrac Uganda (3rd from left), lead the partnership announcement
dfcu Bank has announced a strategic partnership with Mantrac Uganda, the authorised dealer for Caterpillar equipment, to provide affordable and flexible financing options for businesses seeking to acquire brand-new machinery and power systems.
Speaking during the official announcement in Kampala, Kate K. Kiiza, the Executive Director of dfcu Bank, described the partnership as a powerful step toward empowering Uganda’s productive sectors.
“This collaboration is all about empowering businesses, from small and medium-sized enterprises to large corporates, with access to high-quality, brand-new equipment and machinery,” Kiiza said. “We want to remove barriers and make access to top-quality equipment straightforward, transparent, and financially sustainable.”
Under the new arrangement, dfcu Bank customers will be able to access financing of up to 90% of the equipment value, with repayment periods of up to 60 months and competitive interest rates. The partnership covers a wide range of equipment, including excavators, motor graders, wheel loaders, dump trucks, mining equipment, power generation systems, and warehousing solutions.
Beyond financing, Mantrac Uganda will provide value-added services such as extended warranties, after-sales support, and operator training, ensuring that clients not only acquire the equipment but also optimise its use for greater productivity.
“Every piece of equipment purchased through this partnership comes with a 24-month warranty and after-sales support,” Kiiza noted. “Owning equipment is only part of the journey; reliability, safety, and skilled operation are what deliver true value.”
The partnership, she added, is expected to accelerate project delivery, create jobs, and enhance productivity across multiple sectors, ultimately contributing to a more resilient and competitive Ugandan economy.
“When businesses have the right tools, projects are completed faster and more efficiently,” Kiiza said. “This initiative will strengthen local skills and technical capacity while supporting national economic growth.”
Kate K. Kiiza, Executive Director of dfcu Bank and Ahmed Ibrahim, Managing Director of Mantrac Uganda
Kiiza asserted, “We are not just financing machines — we are financing progress, productivity, and prosperity for Uganda.”
Since its founding in 1964, dfcu Bank has built a strong track record in vehicle and asset financing, serving businesses across agriculture, logistics, construction, and manufacturing. The new partnership with Mantrac Uganda, she emphasised, reinforces dfcu’s mission of transforming lives and businesses through innovative financial solutions.
Ahmed Ibrahim, the Managing Director of Mantrac Uganda, expressed optimism about the collaboration, noting that it directly addresses a major challenge faced by many businesses, the cost of acquiring high-quality machinery.
“Many customers struggle with financing despite knowing the long-term benefits of Caterpillar equipment,” Ibrahim said. “Through this partnership with dfcu Bank, customers can now access top-tier machines that deliver higher productivity and less downtime, supported by our 24/7 product support team.”
He added that Caterpillar’s extensive range of machinery serves key sectors such as agriculture, mining, construction, and quarrying, all of which play a crucial role in Uganda’s development.
Emmanuel Muhirwe, a Machine Sales Engineer at Mantrac Uganda, highlighted the practical benefits the partnership brings to customers, saying the financing component has long been a missing link.
“Financing has always been the biggest bottleneck,” Muhirwe explained. “Now with dfcu Bank on board, customers can easily complete their purchases and keep their projects moving without delays.”
The dfcu–Mantrac partnership is expected to enhance access to modern equipment for businesses across Uganda, helping them scale operations, improve efficiency, and stay competitive in both local and regional markets.
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