21st Sep 2026 18:20
Eco Buildings Group PLC - London-based designer, manufacturer and builder of modular housing - Enters binding strategic investment agreement with Lumen Holdings Ltd, and The Gambia's ministries of interior and defence, to establish "the Eco Buildings West Africa AI-Powered Centre of Excellence", making The Gambia Eco Buildings' West African headquarters. Company says the deal "creates the formal framework for what the board considers to be the most significant international development in Eco's history to date." It will establish Eco Buildings Gambia Ltd, which will be responsible for the implementation, manufacture, engineering, technology transfer and operation of the project. "The detailed investment, financing, shareholder and other implementation arrangements are to be agreed separately," Eco Buildings adds, while Lumen's formal role "is evolving and will be formally defined in due course." Agreement includes a minimum 10,000-home housing programme, including an initial phase and minimum order of 1,000 homes. Eco Buildings says the framework "materially strengthens Eco's ability to demonstrate the scalability of its technology-led housing model internationally, provides a blueprint for future sovereign and regional partnerships, and will increase [annual recurring revenue], providing...a new predictable annual revenue stream." Read More
