Morocco secures $114 million in funding for Africa’s first EV battery factory
- Posted on July 24, 2026
- By The Toronto Star
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- 1 min read
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.
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