Construction firm lands £1.5m loan for UKAfrica projects

TRADE: A construction equipment supplier from Slough has received a £1.5million loan from the Government to help the construction of roads in Uganda.

The money has been provided by UK Export Finance (UKEF) as part of a £620million package to support UK exports to Ghana, Zambia, Gabon and Uganda.

It will enable the sale of machinery including loaders, engines and excavators from Bath Road-based Unatrac to the Mota-Engil Africa group.

Alan McMenemy, commercial manager at Unatrac, said: “We are delighted UKEF has chosen to support our business in Uganda.

“Their flexible finance played a key role in the securing of this contract.

“The deal will underpin and enhance our supply chain partnerships with prime contractors involved in infrastructure improvement in Uganda.”

International Trade Secretary said: “We want the UK to be the partner of choice in Africa so I am delighted that, with UKEF’s support, British expertise will form a key component of these infrastructure improvements that will directly improve millions of lives.

“We are committed to strengthening our trading relationships in the region.”