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 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.

The EU and South Africa are forging stronger ties as they both grapple with aid and trade threats from the Trump administration in the United States.The European Union on Thursday announced a E4.7 billion investment package in South Africa to fund green energy projects and boost vaccine manufacturing.

The European Union and South Africa held their first summit since 2018 in Cape Town. The EU plans to mobilize 4.7 billion ($5.1 billion) for investment in South Africa that will include money for green energy as well as for the manufacture of vaccines in the country.