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EU announces a $5 billion investment in South Africa as the tariffs war with Trump escalates

  • The European Union will invest $5 billion in South African aid and development projects, announced EU Chief Ursula von der Leyen.
  • Most of the investment aims to support the transition to clean energy, including wind, solar, and hydrogen power production.
  • This announcement was made at the first bilateral summit between the EU and South Africa in seven years.
  • Von der Leyen stated, 'Europe values its partnership with South Africa,' before meeting President Ramaphosa.
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Chronicle Live broke the news in Newcastle upon Tyne, United Kingdom on Wednesday, March 12, 2025.
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