e.g. social infrastructure, water resources, transport and energy.
Who We Are
ITARE has been set up in 2016 and is majority owned by the management. It offers business development, financial advisory services and technical assistance for project preparation and execution to individual clients and the set-up of value and supply chains.
ITARE operates in emerging markets with a focus on Sub-Saharan Africa and Middle East in three key areas: Infrastructure, Agribusiness and Smart Solutions.
Visit this section to find out the latest company news, events, and conferences we have attended as speakers.
Kisumu Concrete Products (KCP)
Kisumu Concrete Products (KCP) is a successful medium size Kenya company established in 1974 specialized in ready mix, aggregates, concrete blocks, concrete precast, paving blocks, heavy machinery leasing and special products. The company is one of Itare’s oldest clients and a historical buyer of top quality Italian concrete and construction machinery. In the latest years, KCP has finalized deals with Italian companies worth of EUR 2 mln. Itare has supported by providing advisory services as well financial solutions to KCP throughout its history with trade in Italy. Thanks to its reliability and strong reputation as well as Itare’s support, KCP has further partnered with Maltauro – ICM, another one of Itare’s partner, for the construction of Konza Technopolis - the first smart city in Kenya, and in Africa. KCP is running impressive activities in drilling, blasting & crushing amounts to 350,000 tons of sub-base materials and is hiring part of its equipment. This deal aims to underline Itare’s daily commitment and dedication to growing small – medium size companies across Africa and large historical companies in Italy to collaborate and achieve success that shall leave a footprint in development. Supporting big companies with financial advisory services in their international business, introducing reliable local firms able to meet the contractor’s needs in term of quality and efficiency, and facilitate the local companies investments from Italy with technical and financial solutions stimulates a win-win cycle that represents the vision and the ambition of Itare in African development.
Rent-Back and business opportunities
ITARE and Efinvest have started developing the so-called Rent-Back, a new financial product aimed at promoting the trade between Italian holdings and their foreign counterparties. The mechanism is the following: an Italian company sells its goods to Efinvest (immediate payment) and rents them to the same company that will sublet them to a foreign counterparty. The monthly payments to be made will be previously agreed. A Rent Back operation generally lasts from 18 to 36 months. On expiry of this period, the Italian company can decide whether to take its goods back or to sell them to its foreign counterparty. Thanks to such an operation, the Italian company can offer a commercial and financial solution different from any other traditional scheme, increase competitiveness as well as obtain liquidity in the immediate future. Rent Back operations guarantee the Italian visibility at the international level and ensure the achievement of tax benefits. This is the reason why it has a positive impact on debt levels as well as on cash flow management. Efinvest is a company founded in 1987. It has been active for more than 30 years in the financial sector for small and medium sized companies, by providing medium-term renting services, defined as Rent-Back. Thanks to this new financial product, ITARE represents the point of reference for those Italian companies active in emerging markets. By identifying commercial and financial solutions aimed at promoting the trade between Italian holdings and their foreign counterparties, we strive to operate in promising geographic areas, still difficult to penetrate.