Rainbo Supplies to send heavy-duty trailers to Ivory Coast

UK procurement company Rainbo Supplies is to provide 20 heavy-duty trailers to Ivory Coast after securing financial support from UK Export Finance (UKEF), the British government’s export credit agency

The contract is worth £4mn (US$5.5mn) with the trailers to be provided by an undisclosed UK manufacturer and utilised for the construction, mining and agricultural sectors.

Ivorian company EKDMC is purchasing the goods and services from Rainbo, facilitated by a loan guarantee issued by UKEF to London Forfaiting Company (LFC), creating an opportunity for UK suppliers in one of Africa’s largest economies.

The new contract marks Rainbo’s second partnership with UKEF and LFC in less than six months, following a successful deal with a Ugandan construction firm.

“Securing yet another UKEF-backed deal in less than a year is a tremendous achievement for our team and a testament to the strong, long-term relationships we have built with our clients, suppliers, and partners,” said Steve Quigley, managing director at Rainbo.

“Through close collaboration and a shared commitment to excellence, we continue to deliver best-in-class support and services across Africa,” he added.

“This contract with EKDMC opens up exciting new opportunities in the region and reinforces our confidence in continued sustainable growth.”

Its earlier Ugandan contract involved the supply of machinery, vehicles and equipment for the mining, transport and processing sectors on behalf of local construction and consultancy firm IBBI, which is setting up a granite quarry and an asphalt production plant.

Paul Wright, head of UK marketing at LFC, said the latest Ivorian deal supports both the UK exporter as well as the overseas buyer in a developing market.

“This deal is a further demonstration of the value of LFC’s ongoing partnership with UKEF, enabling buyers to access the flexible finance they need to purchase UK goods and services.”

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