HMD and Rokbak empower West African projects
New partnership brings flexible financing backed by export credit agencies and private risk insurers
SINCE June 2024, when leading West African equipment dealer HMD officially introduced the Rokbak brand to Nigeria, Ghana, Senegal, Benin, Guinea, and Côte d’Ivoire, the RA30 and RA40 articulated dumptrucks (ADTs) 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.
Through UK Export Finance (UKEF), the Swedish Export Credit Agency (EKN), and a network of private risk insurers (PRIs), HMD customers can now access competitive financing packages, designed to facilitate the purchase of Scottish-made ADTs from Rokbak – part of the Volvo Group – for large-scale quarrying, mining, construction, and infrastructure projects.
These flexible financing solutions 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 is particularly valuable for projects requiring multiple ADTs or complete fleet solutions, allowing growing businesses to confidently enhance their capabilities with high-quality equipment.
‘I am very excited to offer export credit agency and PRI-backed financing as it is a massive support to us and our customers,’ said Matthew Khouri, chief executive officer of HMD. ‘These financing options demonstrate our commitment to not just selling equipment, but also truly partnering with our customers to ensure their success and growth.’
Highlighting the regional impact of the partnership between dealer and manufacturer, Paul Douglas, managing director of Rokbak, said: ‘The availability of flexible financing opens up new opportunities for customers across West Africa to access dependable Rokbak machines. 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 offer of financing backed by ECAs and PRIs is just one element of Rokbak’s long-term growth strategy in West Africa together with its dealers. Africa’s construction market is currently valued at US$58.42 billion and is projected to grow to US$74.81 billion by 2029. Notably, West Africa’s construction sector is witnessing significant expansion, fuelled by rapid urbanization, infrastructure development, and thriving mining activities.
Rokbak say that with a focus on strengthening local partnerships, increasing brand visibility, and providing operator training programmes, more and more contractors in the region will be able to benefit from their RA30 and RA40 haulers’ robust and reliable performance.
‘We see enormous potential for Rokbak in West Africa, where infrastructure development and mining activity are accelerating,’ concluded Mr Douglas. ‘Our aim is to be more than a supplier, rather a partner committed to establishing a lasting presence in the region.’
