EU Pledges €4.7 Billion Investment in South Africa at Landmark Summit
Ramaphosa aims to use South Africa’s G20 presidency to advocate for debt relief and climate financing for developing nations—priorities that have been downplayed by the U.S.
READ MORE : http://www.africanews.com/2025/03/13/eu-pledges-47-billion-investment-in-south-africa-at-landmark-summit
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Ramaphosa aims to use South Africa’s G20 presidency to advocate for debt relief and climate financing for developing nations—priorities that have been downplayed by the U.S.
READ MORE : http://www.africanews.com/2025/03/13/eu-pledges-47-billion-investment-in-south-africa-at-landmark-summit
Subscribe on our Dailymotion channel and receive all the latest news from the continent.
Africanews is available in English and French.
Website : www.africanews.com
Facebook : https://www.facebook.com/africanews.channel/
Twitter : https://twitter.com/africanews
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NewsTranscript
00:00The European Union has announced a 4.7 billion euro investment package for South Africa to support green energy and vaccine production, strengthening economic and political ties.
00:12The commitment was made during the first bilateral summit between the EU and South Africa in seven years, held at President Siro-Ramaphosa's office in Cape Town.
00:24Both our unions arose from the depths of conflict and suffering. Both had visionary leaders who saw that the path to peace and coexistence was not recrimination but reconciliation.
00:44South Africa remains an emblem of hope for the world. Today, we are together announcing an investment package to mobilise 4.7 billion euro in South Africa, and this is in both our interests.
01:00This is the time to work together in defence of what we believe in, democracy, the rule of law, including the respect for international law and international humanitarian law.
01:16Ramaphosa aims to use South Africa's G20 presidency to advocate for debt relief, climate financing for developing nations, priorities that have been downplayed by the US.