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Region : Sub-Saharan Africa
Company name : MONURENT HOLDINGS LIMITED
Sector : M-DA - Agriculture, Construction, and Mining Machinery
Department : Gbl Ind, Manufact, Agribus & Services
Environmental category : B
Status : Pend PDS-IR
Date SPI disclosed : March 9, 2016
Projected board date : April 15, 2016
Project Description : MonuRent Holdings Limited is an equipment rental business incorporated in Mauritius, with its operations focused on West Africa. Its wholly owned operating subsidiaries are in Ghana (HQ), Nigeria, Liberia, Sierra Leone and Botswana. The Company is expanding its operations across West Africa. The business is focused on the mining industry, but also diversifying into the construction and agricultural sectors. The funding would be used to (i) purchase equipment (ii) provide working capital and (iii) refinance shareholder bridge loans.