Manor Royal business, Rainbo Supplies and Services, will supply and deliver millions of pounds in machinery to Uganda following a deal supported by UK Export Finance (UKEF) – the government’s export credit agency.
UKEF has guaranteed a £5.29 million loan from the London Forfaiting Company (LFC) to Ugandan construction and consultancy firm IBBI. This allows IBBI to purchase machinery, including an asphalt plant and granite crusher, through Rainbo, together with logistics services from Rainbo’s group company, Neba Freight Ltd. The support was offered under UKEF’s Standard Buyer Loan Guarantee (SBLG) product.
This deal showcases how the government’s Plan for Change is delivering tangible economic benefits to British businesses. By providing a loan guarantee to IBBI, UKEF helped secure a multi-million-pound export contract for Rainbo. As a result of their new partnership with IBBI, Rainbo has added four new roles at its Crawley office, bringing their total UK workforce to 34. The new contract will also bring benefits across the UK supply chain, as Rainbo’s suppliers are based on locations including Leicester, Slough and Doncaster.
The partnership between IBBI and Rainbo also secures a positive impact in Uganda. IBBI will use the UK machinery to set up a granite quarry and asphalt production plant to enable infrastructure projects in the East African country. This follows IBBI’s growing track-record as provider of engineering consultancy services and construction works in their home country as well as in Kenya, Tanzania, DRC, Rwanda, and Burundi.
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