EU DEEPENS TIES WITH SOUTH AFRICA THROUGH MULTI-BILLION EURO INVESTMENT
Package will primarily support South Africa’s just energy transition, expand vaccine manufacturing capacity, and enhance both digital and physical connectivity.
Africa
South africa
Foreign policy
Eu
Investment package
Diplomacy.
The European Union has reinforced its partnership with South Africa by unveiling a €4.7 billion ($5.10 billion) investment package aimed at boosting key sectors such as renewable energy, healthcare, and digital infrastructure.
Announced by European Commission President Ursula von der Leyen during her visit to South Africa, the investment is part of the EU’s Global Gateway initiative, which seeks to strengthen economic cooperation and sustainable development.
The package will primarily support South Africa’s just energy transition, expand vaccine manufacturing capacity, and enhance both digital and physical connectivity.
Speaking alongside European Council President Antonio Costa at the start of discussions with South African President Cyril Ramaphosa, von der Leyen emphasized the EU’s commitment to fostering economic resilience in the region.
“This partnership is about investing in a future that benefits both South Africa and Europe,” she stated, highlighting the importance of sustainable energy and industrial growth.
Announced by European Commission President Ursula von der Leyen during her visit to South Africa, the investment is part of the EU’s Global Gateway initiative, which seeks to strengthen economic cooperation and sustainable development.
The package will primarily support South Africa’s just energy transition, expand vaccine manufacturing capacity, and enhance both digital and physical connectivity.
Speaking alongside European Council President Antonio Costa at the start of discussions with South African President Cyril Ramaphosa, von der Leyen emphasized the EU’s commitment to fostering economic resilience in the region.
“This partnership is about investing in a future that benefits both South Africa and Europe,” she stated, highlighting the importance of sustainable energy and industrial growth.
