African Development Bank Approves €100 Million to Gotion Power Morocco to Develop Africa’s First Lithium Ion Phosphate Battery Gigafactory
The Board of Directors of 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-Kénitra Free Trade Zone. The Bank also plans to mobilise up to an additional €141 million from financial partners…

