Germany agreed to forward a 200 million euro ($234 million) concessional loan to South Africa to support investments in the country's power grid and renewable energies, as well as expand bilateral cooperation on mineral beneficiation in the country, Reuters reported on April 13. Meanwhile, Oman and Botswana signed a series of agreements, including for joint mineral exploration and the development of oil storage infrastructure and renewable power plants in Botswana.

Botswana is facing major economic headwinds as lab-grown diamonds have significantly reduced demand for mined diamonds, which typically constitute around a third of the country's revenue. South Africa secured external support at the U.N. Climate Change Conference in 2021 to support its transition away from coal through the Just Energy Transition Plan, which Germany backs and now totals $12.8 billion in financing pledges.