Morocco: Launch of Africa’s first electric battery Gigafactory

  • General
  • October 29, 2024
  • 0 Comments

Morocco has officially launched work on its first Gigafactory for electric vehicle batteries in the Kenitra free zone. This major project, worth 65 billion dirhams and covering 156 hectares, aims to position the country as a leader in green mobility in Africa. With a planned production capacity of 100 GWh per year, the Gigafactory is expected to be operational by 2026 and strengthen the supply chain of the Moroccan automotive sector.

Source: Africa News Agency

  • Related Posts

    Kenya: BURN partners with EIB for USD 15 million financing

    Kenyan eco-friendly cooking appliance manufacturer BURN has signed a USD 15 million loan agreement with the European Investment Bank (EIB). The financing will support the distribution of BURN’s ECOA electric induction cooker to homes across East Afri…

    Rwanda: Rwanda ICT Chamber partners with RSwitch to strengthen financial inclusion

    Rwanda ICT Chamber has signed a strategic partnership with RSwitch, a company specializing in the interoperability of electronic payments in Rwanda. This collaboration aims to improve the inclusion and accessibility…