Quipbank
Trust Limited, East Africa’s equipment bank, has opened a new branch in Biharamulo
Tanzania as it strengthens regional presence in line with its expansion plan.
This new entry will entail strategic partnerships and service diversification
through technology to meet the growing demand.
Currently,
the equipment bank has branches in various parts of Kenya and Uganda, and is set
to spread its wings to other countries across Africa such as DRC and Zambia.
The
firm which recently was ranked as best in construction and infrastructure by
KMPG Kenya in its annual top 100 midsized companies’ awards, offers vehicles
and equipment rental and sales options. It specializes in mining and
construction equipment, agricultural equipment, automotive, trucks and
trailers.
In
the first phase of its operations, the firm has equipped the branch with
machinery worth at least Tsh. 10,555,302,670.00 (KES 500 million) specifically
to support the Biharamulo gold mine.
Quipbank’s
Regional Head of Sales & Marketing, Mr. Ivaney Turyasingura, said, “This
branch will supplement the operations of our other branches in Mwanza, Tanga
and Dar Es Salaam. The branch will avail services close to the key mining areas
in Kagera Region. Plans
are underway to open more branches in other regions where we have not opened
offices yet. Our equipment are currently working in a number of Tanzanian mines.
The country is dynamic and East Africa’s largest market with lots of
opportunities backed bright outlook for sustained growth.”
Speaking while visiting the Biharamulo
branch, Mr.
Turyasungura said, “this branch will
help in supporting contractors and small scale traders in the region to access
at least 50 different types of equipment ranging from construction, farming and
mining equipment among others. Construction companies and related industries
can take advantage of the availability of the various variety of machineries
such as excavators and a wheel loader to speed up the development in Kagera region.
This
will be very instrumental to us in realizing our goal of in contribution to
construction and development of infrastructures in the region.”
“The
demand for equipment in Tanzania has really grown and hence the need to move
closer to the mining sites and reduce time and distance for searching for these
equipment. Sometimes getting a proper equipment to perform a specific task can
be such a hustle and resource consuming. Our main aim is to significantly
reduce the cost of running business by easing access to machinery in addition
to providing experienced technical support,” he added.
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