he Board of Directors of the African Development Bank has approved a 100 million euro loan to Gotion Power Morocco to finance an integrated cathode-to-cell lithium iron phosphate battery gigafactory in the Rabat-Sale-Kenitra free trade zone.
The bank intends to mobilize up to a further 141 million euros from partner institutions. Led by the Chinese group Gotion High-Tech, the plant will be the first integrated battery manufacturing facility in Africa and in the Middle East and North Africa region.
It will produce ten gigawatt-hours of cells and packs for electric vehicles in its first phase, with capacity set to rise towards one hundred. That phase is to create more than six hundred direct jobs and lift the local industrial integration rate to 70%.
“Battery storage is the missing link in Africa’s clean energy transition,” said Kevin Kariuki, the bank’s vice-president for power, energy, climate and green growth.
The kingdom had already moored its car industry at Kenitra, and it now moors what will make those cars run. The local beneficiation of critical minerals remains the true measure of the ambition.
Photo: RudolfSimon, CC BY-SA 3.0.
African Development Bank - African Development Bank Approves 100 Million Euros to Gotion Power Morocco (24 July 2026)
