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Senegal JV Progression to Implementation Phase

26 Feb 2026 07:00

RNS Number : 4360U
Eco Buildings Group PLC
26 February 2026
 

Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.

26 February 2026

 

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

 

Senegal Joint Venture Progression to Implementation Phase

Eco Buildings Group plc (the "Company" or the "Group"), a UK-listed modular construction company specialising in sustainable GFRG-based building systems, is pleased to provide a further update on its strategic joint venture in Senegal with Eco Buildings' local partner, G2 Invest Group ("G2", together the "JV").

Advancement to Next Stage of Investment and Deployment

Following continued strategic engagement with G2, the Company is pleased to confirm that the parties have formally agreed to progress to the next stage of implementation of the Senegal manufacturing and housing programme.

Under the structure for the new production line in Senegal, G2's 35% equity stake in the JV equates to a capital contribution of €1.75 million, which has now been allocated into the JV subsidiary, Eco Buildings Senegal LLC. As previously announced by the Company in 2025, this payment is intended to support the operational scaling of Eco Buildings Senegal LLC and is designated for the establishment of a local manufacturing production line and the delivery of in-country project deployment. The contribution fulfils G2's agreed equity commitment in full and marks a significant milestone in the JV's development, aligning both parties ahead of operational deployment.

Mobilisation of Production Line

The Company is pleased to announce that the mobilisation process for the new Senegal-based production line has now commenced. The facility will be dedicated to fulfilling Senegalese housing demand under the previously announced framework.

The Company confirms that the engagement with its EPC contractor has formally begun, initiating the engineering, procurement and construction planning process for the deployment of the manufacturing line.

Show House Deployment for Final Government Approval

As part of the agreed next phase, the JV will proceed with the shipment and installation of a fully constructed Eco Buildings show house in Senegal.

The show house will be fully funded by the local partner and is intended to support final governmental approvals and facilitate the formalisation of programme roll-out. This step represents a key commercial and regulatory milestone toward large-scale delivery.

 

For more information contact:

Eco Buildings Group plc

Fiona Hadfield, Finance Director

Tel: +44 (0) 207 380 0999

 

Spark Advisory Partners Limited (Nominated Adviser)

Matt Davis / James Keeshan

Tel: +44 (0) 203 368 3550

 

Tavira Securities Limited (Broker)

Oliver Stansfield / Jonathan Evans

Tel: +44 (0) 203 192 1739

 

CMC Capital Markets (joint Broker). Tel: +44 (0) 203 003 8632

Douglas Crippen

 

About Eco Buildings Group plc

Eco Buildings Group plc is a UK-listed innovator in prefabricated, green-housing technology. Its modular systems, based on proprietary GFRG wall panels, serve both affordable and high-end markets, combining cost efficiency, rapid deployment and sustainability. The Group continues its international expansion with established partnerships and manufacturing initiatives across Europe, Africa and Latin America.

Further information: www.eco-buildings.net

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15th Oct 20257:00 amRNSHolding(s) in Company
14th Oct 20257:00 amRNSEco to Expand in Africa with Sudanese Subsidiary
8th Oct 20257:00 amRNS-RFirst Canadian Order
7th Oct 20257:00 amRNSOperational Update on Senegalese Subsidiary
30th Sep 20257:00 amRNSInterim Results
26th Sep 202511:08 amRNSHolding(s) in Company
22nd Sep 202510:33 amRNSHolding(s) in Company
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1st Jul 20257:00 amRNSFinal Results for the year ended 31 December 2024
15th May 20257:00 amRNSCompletion of Fundraise
6th May 20257:00 amRNS-ROperational Update on Senegalese Subsidiary
28th Apr 20257:00 amRNS-RCertification of Environmental Management Award
24th Apr 20257:00 amRNSNew Senegal Subsidiary with Local Partner
8th Apr 20257:00 amRNS-RProduction Milestone Achieved
28th Mar 20251:17 pmRNSBoard Changes
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3rd Feb 20257:00 amRNS-RCE marking approval and certification
17th Jan 20254:23 pmRNSIssue of Shares
4th Dec 20247:00 amRNS€1M in Revenues now achieved as of 2 December 2024
19th Nov 20247:00 amRNSLetter of Intent confirming order for 10k houses
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