South Africa: EU Announces $5B Package, Start of Negotiations for Trade Partnership

The European Union will provide South Africa with an investment package of 4.7 billion euros (almost 118 billion crowns). This is the result of the meeting of the head of the European Commission, Ursula von der Leyen, with the President of the Republic of South Africa, Cyril Ramaphosa. Is it an attempt by the Union to cling to the “twelfth hour, or rather five minutes past twelve” in a country that analyst surveys identify as one of the great ho…

The European Commission's decision to allocate EUR 4.4 billion of EU funds to South Africa's energy transition is a source of fierce criticism. It is not about wasting taxpayers' money – sceptics accuse the South African government of corruption, incompetence and anti-white policies. The European Commission has pledged EUR 4.4 billion in financial support for projects to promote the transition to clean energy in South Africa.

South Africa: EU Announces $5B Package, Start of Negotiations for Trade Partnership

European Commission President Ursula von der Leyen announced that the European Union would provide a 4.7 billion euro ($5.1 billion) funding package for South Africa's healthcare sector, Just Energy Transition Partnership projects, and connectivity and transport corridors, Daily Maverick reported on March 13.

EU announces a $5 bn investment in South Africa   – Asian News from UK

Donald Trump’s cancellation of millions in aid to the country left a massive funding gap. The EU’s investment package includes funding to boost vaccine manufacturing and for a transition to clean energy   The European Union will invest $5 billion (€4.7 billion) in South African aid and development projects, EU chief Ursula von der Leyen announced Thursday.  The majority of the investments will go to supporting the transition to clean energy, suc…

At the EU-South Africa summit on Thursday, Ursula von der Leyen announced that a total of 4.7 billion euros will be allocated to a "Global Gateway Investment Package". ... The post EU wants to promote "clean and just energy transition" in South Africa with 4.4 billion euros appeared first on Apollo News.

EU promises Over $5B investment to South Africa strengthening bilateral relations

South Africa: The European Union (EU) will invest $5.1 billion in South Africa. The EU is the largest trade and investment partner of the South Africa with a trade volume of $71.7 billion. The pledge was made at the EU-South Africa Summit to strengthen the bilateral relations at a time when both are on worst terms with USA. Reportedly, the European Union leaders announced a €4.7 billion (counts to $5.10 billion) investment package during a visit…