This archive report was first published on 24 October 2019.
October 24, 2019 - Panafrican Equipment Kenya Limited has officially opened its new offices in Nairobi, serving as the company's East Africa headquarters. This strategic move is part of the company's efforts to drive mid and long-term market growth and expansion opportunities in Kenya and East Africa.
The firm, a subsidiary of the Panafrican Equipment Group (PEG), is a recognized leader in providing equipment and after-sales support solutions. It is the principal distributor of Komatsu, Wirtgen Group, and AGCO machinery in Kenya, widely used in support of the mining and mineral processing, civil and infrastructure, power and energy, and agricultural and forestry sectors.
Speaking during the unveiling of the new office, Charles Field-Marsham, PEG Executive Chairman, emphasized the company's commitment to Kenya and its continued investment in support of customers in this market.
"The combined cost for the new facility is Ksh 500 million. Despite current market challenges, we believe Kenya has the potential for significant infrastructure development if managed correctly," Field-Marsham said.
Scott McCaw, PEG Group Chief Executive Officer, also highlighted the company's optimism about the region's growth prospects.
"With Kenya and East Africa focusing on increasing its power supply and growing its extractive market, we believe that domestic needs for industry diversification, economic growth, and infrastructure development will drive the mid to long-term development of these two sectors," McCaw said.
The new facility will also house the upgraded Panafrican Training Facility, which offers operator, technical, and skills certification both internally and to customers. Since the customer training programs were launched, more than 20 domestic companies and government institutions have been trained.
Panafrican Equipment Group has been in operation in Kenya for 22 years, growing from a single territory distributor of Komatsu construction equipment to a multi-territory (eight African countries), multi-line (three core brands) distributor. The company employs directly and indirectly up to 400 people and has recorded over four times turnover growth over the last ten years.
