WINDHOEK: India and Namibia exchanged MoUs in the presence of Prime Minister Narendra Modi and the President of Namibia, Netumbo Nandi-Ndaitwah, on Thursday.
The MoU focuses on setting up the Entrepreneurship Development Centre in Namibia.The second MoU Cooperation in the field of Health and Medicine.
Further, Namibia formally joined two key initiatives: the Coalition for Disaster Resilient Infrastructure (CDRI) and the Global Biofuels Alliance. The letters of acceptance for these memberships were exchanged during Prime Minister Modi's visit.
A notable announcement was also made from Namibia regarding the launch of a digital payments system in the country later this year. This development is the result of a UPI technology licensing agreement signed between the National Payments Corporation of India (NPCI) and the Bank of Namibia in April 2024.
Currently, PM Modi is in Namibia for a State visit at the invitation of Namibian President Netumbo Nandi-Ndaitwah. (ANI)
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