South Africa Unveils Aid Package for Cuba

South Africa will give 210 million South African rand (USD30 million) to Cuba, South African President Jacob Zuma has announced.

Zuma added that the country will forgive Cuba’s outstanding debt to South Africa and give it trade credits for importing South African products, Business Week reports.

The aid package has been criticized by South Africa’s main opposition party, which explained that improved ties with Cuba do not offer a lot to South Africa’s citizens nor its economy.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.