The European Union Will Invest $ 5 Billion (EUR 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, Search as Improving Wind, Solar and Hydrogen Power Production.
So The Discover Intends to Be Taken Into Injection Production.
“South Africa Wants to Protect The Health of [its] People… We Europeans Want To Diversify Some of our must critical supply chains. This is what i call a true mutual interest, ”From the Leyen Said.
The Announcement Came on the First Bilateral Summit Between the Bloc and South Africa, The Continent’s Most Advanced Economy, in Seven Years.
What leads to the highest?
The Summit in Cape Town was phoned name to Reinforce Connections in between the Bloc and Southern Africa, The EU’s largest Below-Saharan Trading Companion.
South African President Cyril Ramaphosa Said the Meeting Came at A Time of Increasing “Global Uncertaanty… Characterized by Rising Unilaterism, Economic Nationalism,” A Reference to the Impact Ofus President Donald Trump’s Policies
The United States’ Decision to Ax Nearly All Aid to South Africa Has Sparked Concerns About Funding Gaps in Critical Areas, Search as HIV/AIDS Treatment.
“What is going on in the world is even going to strengthen our resolve to remain partners in order to tackle the many challes that are areeing,” Ramaphosa Told Reporters
“Some Countries Are Interested in Just Extracting Materials from the Ground and Exporting PROFITS ELSEWHERE. That will not be Our Model, “by the Leyen Said Up.
“We want to support local jobs, local Added Value, and High Environmental and Labor Standards.”
Edited by: Natalie Muller
