Amarinth, RentCo Africa strategic alliance to provide and finance pump equipment for projects across Africa
Published by Nicholas Woodroof,
Editor
Hydrocarbon Engineering,
Amarinth, a company that specialises in the design, application and manufacture of centrifugal pumps and associated equipment to the oil and gas, petrochemical, LNG, chemical, industrial, power and desalination markets, has signed a strategic partnership with RentCo Africa Ltd under which the two companies will co-operate on strategic projects in Africa to provide and finance centrifugal pumps and associated equipment on attractive financing terms.
RentCo Africa, an independent leasing company with headquarters in Nairobi, Kenya, provides structured financing solutions through operating leasing and working capital solutions to both the private and public sectors in Africa. The strategic partnership between Amarinth and RentCo will enable organisations making investments in pumping equipment to flexibly finance Amarinth’s horizontal, vertical, and inline vertical centrifugal pumps and associated equipment, particularly those organisations that have capital constraints and are seeking to avoid upfront CAPEX cash outflow, or that are seeking a flexible payment plan.
Itai Choto (pictured), Amarinth Sales Manager for the Africa Territory, commented: “We are delighted to announce this strategic alliance and partnership with RentCo Africa. The agreement brings RentCo’s financial structuring and funding expertise into the many challenging and capital-intensive projects we are working on across Africa. We are looking forward to working closely with RentCo, enabling both new and existing clients to exploit fully our centrifugal pumps and associated equipment and bring projects to successful completion.”
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/03022021/amarinth-rentco-africa-strategic-alliance-to-provide-and-finance-pump-equipment-for-projects-across-africa/
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