For a young company with few financial assets such as ours, the guarantee from EKF has been essential.
The Danish company DMS Africa specialises in prefabricated modular structures that can be combined in numerous ways as needed.
The company was established in 2009 with headquarters in Vodskov, North Jutland and offices in Kenya and South Sudan. DMS Africa has 15 employees in total of which 12 are in Africa.
”There are many logistics challenges when building in an African country with poor road conditions and difficult border crossings. A local presence is therefore important”, says Flemming Pedersen, Executive Director of DMS Africa.
In 2010, DMS Africa won the contract for a 300 m2 office building and four diplomat homes in South Sudan ahead of 44 competing companies. The customer was the British government. So DMS Africa had brought home the contract, however, they found it difficult to secure the funds to finance the project.
”The banks have become so cautious that even with a physical order from a reliable customer, the bank would not lend us the money,” says Flemming Pedersen, Executive Director of DMS Africa.