African Development Bank Approves €100 Million to Gotion Power Morocco to Develop Africa’s First Lithium Ion Phosphate Battery Gigafactory
RABAT, Morocco, July 24, 2026/APO Group/ — The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €100 million loan to Gotion Power Morocco to finance the development of an integrated cathode-to-cell lithium iron phosphate (LFP) battery gigafactory in the Rabat-Salé-Kénitra Free Trade Zone. The Bank also plans to mobilise up…
