Rand Merchant Bank invests USD 30 million in the Panafrican Equipment Group

Lead party: Rand Merchant Bank (RMB) (lead investor/buyer)Coverage: Meridian Capital (investment and transaction tracker; data from Partner Researchers, editorially reviewed). Investor view in Meridian Capital Target: Panafrican Equipment Group (private company) · Sector: Industrials, Diversified Industrials, Industrial Engineering Services · Countries of operation: Tanzania, Sierra Leone, Burundi, Rwanda, Nigeria, Mozambique, Malawi, Kenya, Liberia, Uganda, Ghana…


Lead party: Rand Merchant Bank (RMB) (lead investor/buyer)

Coverage: Meridian Capital (investment and transaction tracker; data from Partner Researchers, editorially reviewed). Investor view in Meridian Capital

Target: Panafrican Equipment Group (private company) · Sector: Industrials, Diversified Industrials, Industrial Engineering Services · Countries of operation: Tanzania, Sierra Leone, Burundi, Rwanda, Nigeria, Mozambique, Malawi, Kenya, Liberia, Uganda, Ghana

Transaction type: Debt Financing · Asset class: Private Credit · Strategy: Direct Lending · Instrument: Trade Finance · Deal amount: US$30m

Lead investor/buyer: Rand Merchant Bank (RMB) · Investors/buyers: Rand Merchant Bank (RMB)

Legal advisers: not identified in the source record.

Source: announced 7 July 2026. Original announcement: rmb.co.za.