business
ADFB approves €100m for lithium-ion phosphate battery factory
Staff Writer The African Development Bank Group 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-KénitraFree Trade Zone. The bank also plans to mobilise up to an additional €141 million from financial partners to support the implementation […]
Windhoek Observer29 Jul 2026, 04:15 am
Staff Writer
The African Development Bank Group 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-KénitraFree Trade Zone.
Originally published by Windhoek Observer on 29 Jul 2026, 04:15 am. View original article