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Morocco secures $114 million in funding for Africa’s first EV battery factory

  • Posted on July 24, 2026
  • By The Toronto Star
  • 1 Views
  • 1 min read
In brief

Morocco is advancing Africa's clean energy transition with the establishment of its first electric vehicle battery manufacturing facility, securing substantial international financing. The African Development Bank has committed significant capital to this transformative infrastructure project, positioning the North African nation as a continental leader in sustainable transportation solutions. This strategic investment strengthens Africa's industrial capabilities and reduces dependency on imported battery technology.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Morocco secures $114 million in funding for Africa’s first EV battery factory
Morocco secures $114 million in funding for Africa’s first EV battery factory

NAIROBI, Kenya (AP) — The African Development Bank (AfDB) has approved a $110 million loan to support the construction of Africa’s first gigafactory in Morocco, backing the continent’s push to
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Author
The Toronto Star

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