HMD and Rokbak Empowering West African Projects with Smart Financing
In the rugged terrains of West Africa, where infrastructure development and mining dominate the landscape, acquiring heavy-duty machinery can often pose a financial challenge.
Enter the partnership between HMD, a leading West African equipment dealer, and Rokbak, renowned for their durable articulated dump trucks (ADTs). Together, they’re not only delivering robust solutions like the RA30 and RA40 but also shaking up the market with innovative financing options tailored to the region’s unique needs.
Launched in June 2024, this collaboration has already begun to make waves across Nigeria, Ghana, Senegal, Benin, Guinea, and Côte d’Ivoire. By integrating competitive financing backed by Export Credit Agencies (ECAs) such as UK Export Finance (UKEF) and Sweden’s EKN, alongside Private Risk Insurers (PRIs), HMD and Rokbak are paving the way for businesses to access premium equipment without breaking the bank.
What Makes This Financing Unique?
At the heart of this initiative lies a deep understanding of the financial hurdles faced by many West African enterprises. The financing packages offer:
- Affordable Interest Rates: Keeping costs manageable for both small and large businesses.
- Extended Repayment Terms: Allowing companies to spread payments over time, easing cash flow pressures.
- Customised Payment Plans: Catering to specific project timelines and operational demands.
For projects requiring a fleet of ADTs or comprehensive machinery solutions, this tailored approach can make all the difference.
Matthew Khouri, CEO of HMD, emphasised the broader impact, stating, “I am very excited to offer ECA and PRI-backed financing as it is a massive support to us and our customers. These options demonstrate our commitment to not just selling equipment, but truly partnering with our customers to ensure their success and growth.”
Paul Douglas, managing director of Rokbak, shared a similar sentiment, adding, “Together with HMD’s local expertise, we are empowering businesses to take on major projects with the right tools and resources to drive infrastructure and economic development across the region.”
The Regional Growth Story
West Africa’s construction sector is booming, driven by rapid urbanisation, government-backed infrastructure initiatives, and expanding mining activities. Valued at $58.42 billion in 2023, the market is expected to grow to $74.81 billion by 2029. However, realising this potential requires the right machinery and partnerships.
The Rokbak RA30 and RA40 ADTs are perfectly suited for the region’s tough environments, offering:
- Robust Engineering: Designed to tackle challenging terrains and heavy workloads.
- Fuel Efficiency: Lower operating costs, which are critical for long-term projects.
- Expert Support: Backed by HMD’s technical services and operator training programmes.
This focus on holistic support ensures contractors not only receive top-tier machinery but also the expertise to maximise its potential.
Strengthening Local Partnerships
A cornerstone of this initiative is the emphasis on building enduring local relationships. By providing access to financing and operator training, HMD and Rokbak are equipping West African businesses to compete on a global scale.
Paul Douglas summarised this strategy, saying, “We see enormous potential for Rokbak in West Africa, where infrastructure development and mining activity are accelerating. Our aim is to be more than a supplier, rather a partner committed to establishing a lasting presence in the region.”
Empowering Future Developments
The partnership between HMD and Rokbak is not just about selling trucks—it’s about empowering growth. By aligning advanced machinery with smart financing, they’re enabling businesses to take on larger, more ambitious projects. This synergy doesn’t just build roads or mines; it builds futures.
For West Africa, this collaboration signals a transformative era, where innovation, investment, and opportunity converge to shape a brighter tomorrow.
