RMB Supports Panafrican Equipment Group’s Growth Across Africa with USD30m Trade Import Facility

Building on the foundations of a newly established strategic relationship, RMB has structured a USD30 million trade import facility that supports the group’s expansion across key African mining and infrastructure markets.

Mining and infrastructure development remain central to Africa’s economic future, creating sustained demand for reliable, high quality heavy equipment and integrated support services. As a long-standing distributor of Komatsu machinery across Sub‑Saharan Africa, the company plays an essential role in enabling this growth. With structured trade finance support from RMB, the business is strengthening its ability to deliver critical machinery to mining operators at a time when timely supply and operational continuity are vital across the continent.

RMB’s facility provides a trade focused solution designed to enhance upstream supply reliability, improve working capital flexibility and ensure time critical delivery of equipment across multiple jurisdictions. The structure supports the seamless issuance of import related instruments, securing the logistics chain from procurement through to deployment at customer sites. This strategic support reinforces the company’s position as a key partner to asset intensive industries in some of Africa’s highest growth markets.

To meet the group’s multi country needs, RMB’s Trade and Working Capital team designed a structure that reflects PEG’s operational footprint and the realities of its supply chain. The facility mitigates counterparty and logistical risks within the import cycle, which is particularly important in supporting Komatsu as a key stakeholder. The implementation required close coordination between the client, legal advisers and internal teams to address jurisdiction specific requirements and maintain momentum, demonstrating RMB’s ability to navigate complexity while preserving commercial objectives.

“PEG’s rapid scale up needed a financing solution that works the way the business works, multi country, time critical and risk aware. Together we designed a trade import facility that synchronises issuance with delivery, de bottlenecks working capital and supports on time deployment of heavy equipment to mining customers. Beyond immediate capacity, it provides a foundation for broader transactional and term funding, built on the cultural fit and collaboration that define our partnership with PEG,” says Ben Bechet, Transactor Team Lead, RMB.

Scott McCaw, Panafrican CEO commented, ”These bank facilities are the product of several months’ close collaboration between Panafrican and RMB’s team who invested in getting to know our business, visiting us, meeting not just with our finance team but also with our operations teams to enable RMB to then develop solutions aligned to our needs. We are pleased to have a banking partner that listens to its customer”

This facility also strengthens the broader mining ecosystem. By supporting the efficient import and deployment of Komatsu machinery across multiple jurisdictions, the structure enhances supply chain resilience and supports operational continuity for mines that rely on world class equipment. As the sector continues to modernise and deepen its investment in high performance assets, partnerships of this nature are central to advancing industrial development across Africa.

As demand for infrastructure and mining expansion increases, solutions that combine regional insight, strong client alignment and operational flexibility become ever more important. The group’s growth trajectory, supported by RMB’s structured trade expertise, contributes meaningfully to the reliability and productivity of some of Africa’s most important industries. The partnership represents a significant step forward for both organisations and lays the foundation for long term collaboration across the continent.

About Panafrican

The Panafrican Equipment Group is the authorized equipment distributor of Komatsu and Wirtgen across many markets in sub-Saharan Africa, including Kenya, Tanzania, Ghana, Nigeria and Sierra Leone.  Specialising in equipment supply and after-sales support solutions, Panafrican is one of leading sales, service and support solutions providers to the mining and mineral processing, civil and infrastructure, agriculture and forestry and power and energy markets.  Operating in these markets for almost 30 years, Panafrican has developed a partnership approach with their customers, working with them through all stages of project development and execution.

About RMB

RMB is a leading African Corporate and Investment Bank (CIB). We partner our clients to deliver advisory, lending, trading, securities, corporate banking, private equity and investment solutions. A presence in London, New York, Shanghai and Mumbai provides our global clients with a network to access African markets. We have a deal footprint in 35 African countries and facilitate cross-border trade and investment on the continent. RMB represents the CIB activities of FirstRand Limited – one of the largest financial services groups in Africa.

RMB is made of Africa – our commitment to our clients, our continent and our people is evident in our successful track record. We create new opportunities where others see challenges.

For more information visit www.rmb.co.za.

ENDS