Page 9 - BEA December 2019 - January 2020

Briefing
Panafrican Equipment Group eyes EAC market

with new KSh 500M Kenya office

anafrican Equipment Kenya Limited has Moreover, Scott McCaw, PEG Group Chief Executive
launched its new Ksh. 500M offices in Officer, said the firm sees opportunities in the extractive
Nairobi with sights set on mid and long term industries as well as continued development in the power
Pmarket growth and expansion opportunities in and energy markets.
Kenya and East Africa.
“With Kenya and East Africa focusing on increasing
The firm, a subsidiary of the Panafrican Equipment its power supply and growing its extractive market, we
Group (PEG) is the principal distributor of Komatsu, Wirt- believe that such domestic needs for industry diversifica-
gen Group and AGCO machinery in Kenya widely used tion, economic growth, and infrastructure development,
in support of the mining and mineral processing, civil and will certainly drive the mid to long-term development of
infrastructure, power and energy, agricultural and forestry these two sectors”, said McCaw.
sectors.
To build technical capacity, the firm, across the group,
Mr. Charles Field-Marsham, PEG Executive Chairman has been investing Kshs 75 million annually in training
said that the new facility underlines their commitment to and development of its personnel as well as customers.
Kenya and their continued investment in support of their This is set for a further boost by the upgraded Panafrican
customers in this market. Training Facility in the new premises.

PEG chairman Charles Field-Marsham said the new At the facility, PEG offers operator, technical and skills
facility speaks volumes regarding the company’s commit- certification both internally and to its customers. Since
ment to investing in Kenya and the region. the customer training programs were launched, more than
20 domestic companies and government institutions have
“Although there are current market challenges prov- since been trained.
ing headwinds against many of the sectors, if managed
correctly Kenya has the potential to continue supporting The firm has been in operation in Kenya for 22 years
our business,” he said yesterday during the opening of the and has grown from a single territory distributor of Kom-
offices on Mombasa Road, Nairobi. atsu construction equipment to a multi-territory (eight
African countries), multi-line (three core brands as above)
“The combined cost for the new facility is Ksh 500 distributor.
million. Albeit there are current market challenges prov-
ing headwinds against many of our sectors, from a mid to The growth has seen the company employ directly and
long-term perspective, we believe Kenya has the potential indirectly up to 400 people while recording over four times
if managed correctly, for significant infrastructure develop- turnover growth over the last ten years.
ment, and continue supporting our business” said Field-
Marsham.

Building East Africa | December / January 2020 A
Promoting sustainable development 7