Komatsu, Hitachi Construction boost financing for African, U.S. buyers

Mining, infrastructure and housing demand expected to grow

20230921N komatsu excavator

Komatsu is preparing to tap growing demand for construction equipment in Africa. (Photo courtesy of Komatsu)

ARATA SHIGENO, Nikkei staff writer

TOKYO -- Japan's Komatsu and Hitachi Construction Machinery are ramping up financing services to support overseas buyers, looking to tap demand in growing markets despite surging prices.

Komatsu and Tokyo-based financial services provider SBI Group have partnered to make inroads in Africa, where they launched an asset financing service for new construction machinery last year. The scheme, offered through SBI Africa, targets businesses in Kenya, Tanzania and Ghana.

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