The EU's investment package includes funding to boost vaccine manufacturing and for a transition to clean energy.The European Union will invest $5 billion in South African aid and development projects,

Microsoft will invest an additional 5.4 billion rand ($296.81 million) by the end of 2027 to expand its cloud and artificial intelligence infrastructure in South Africa to meet the growing demand for the company's Azure services in the region.

The company highlighted that the AI infrastructure operating in South Africa will be governed by Microsoft’s AI Access Principles

Microsoft is investing R5.4 billion in South Africa to enhance AI and cloud infrastructure, and expand data centres.

CAPE TOWN - South Africa's President Cyril Ramaphosa, European Commission President Ursula von der Leyen and European Council President António Costa hold a joint press conference at the 8th EU-South Africa summit.

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.