European Union leaders have announced a 4.7 billion euro, or about $5.1 billion, investment package in South Africa to support green energy transition and vaccine production.

Senior European Union officials were in South Africa for a summit Thursday with President Cyril Ramaphosa that centres on bolstering trade and diplomatic ties as both feel the impact of the Trump administration's confrontational foreign policy.

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

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

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 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,

European Commission President Ursula von der Leyen has announced a €4.7 billion investment package for South Africa, on her visit to the country for the EU-South Africa summit.