European Union leaders announced a 4.7 billion euro ($5.10 billion) investment package during a visit to South Africa on Thursday, at a time when both are on worse terms with the United States than they have been for decades.

European Union leaders have announced a 4.7 billion euro ($5.1 billion) investment package in South Africa to support green energy transition and vaccine production at their first bilateral summit in seven years.

The EU and South Africa are forging stronger ties as they both grapple with aid and trade threats from the Trump administration in the United States.The European Union on Thursday announced a E4.7 billion investment package in South Africa to fund green energy projects and boost vaccine manufacturing.

President Ramaphosa highlighted South Africa’s commitment to further discussions on a new EU investment package aimed at boosting economic collaboration.

The eighth EU-South Africa summit will be held in Cape Town this week, with both sides seeking strategic and reliable partners in the wake of hostilities by the United States.

European Union leaders on Thursday announced a €4.7 billion ($5.10 billion) investment package during a visit to South Africa. This comes at a time when

The European Union and South Africa took another step toward shoring up a shaky relationship in a world where both are currently the target of US President Donald Trump’s unpredictable politics.

European Commission President Ursula von der Leyen on Thursday announced a new 4.7 billion euro ($5.10 billion) investment package for South Africa on a visit to the country. Von der Leyen said the Global Gateway investment package was to support a just energy transition,