423:, TPS constructs and maintains a multitude of resorts, hotels and other tourist attractions that serve to stimulate local economic growth through increased employment, development of a skilled workforce, increased productivity of local businesses (particularly in the design and craft spheres) and the general development of given areas. In all of these aspects, emphasis is placed on the active employment and input of the local community.
1022:
92:
38:
280:
One of the agency's earliest holdings was the
Diamond Trust Bank of Kenya and Uganda, founded in 1930, the aim of which was to use locally generated funds to create loans for small business and the construction of homes. Soon after, Jubilee Insurance Group joined the agency's banks in East Africa. In
203:
AKFED provides a living for millions of people, in particular in the agribusiness sector. For
Example, AKFED developed green bean farming in Kenya by providing 50,000 farmers with technical assistance and buying their produce for export to Europe. The company has 2,000 employees, turns a profit, and
276:
Operating in East Africa, Central Asia and South Asia, AKFED supports the creation of financial institutions including banks and insurance groups within these regions. The agency is a major supporter of corporate activity and is a prime lender for local business both in
Bangladesh and the Kyrgyz
493:
division of the foundation is dedicated to providing support to the existing aviation infrastructure, which serves to support various projects of economic development. By providing worker training, investment knowledge and general management guidance, the division seeks to strengthen existing
243:
Since the 1960s, the agency has supported a group of enterprises under the
Industrial Promotion Services (IPS), each of which was conceptualized to spur investment and increase activity in the corporate sectors of developing countries. However, with the international climate largely favouring
219:
bank from which to draw support. To this end, AKFED provides training in administrative, managerial, and marketing skills with the aim of fostering locally owned enterprises. Where capital is unavailable, the agency provides the initial investment for companies through the use of
415:
communities. Paying attention to cultural values as well as environmental issues, TPS creates a wide variety of tourist facilities that generate sustainable community capital, stimulate local economic growth and promote positive investment opportunities.
505:, the division supports previously existing airlines by increasing fleet size and reviving currently non-functional companies in order to provide much-needed air support for the development projects within the region. In Uganda, a new airline,
297:
to farmers, in order to make possible their participation in global markets. Using a participatory programme of education and technical skills training for farmers, IPS supports the rural economies of developing countries by facilitating
330:
Within the IPS, AKFED operates in conjunction with international economic organizations, private donors and individual governments to resolve issues of electricity and water supply, as well as communications infrastructure.
240:, the agency encourages the growth of industry and infrastructure in order for developing regions to generate the capital necessary for investment into AKFED's many projects and more generally, for a country's growth.
865:
847:
385:
232:
AKFED operates in conjunction with private donors, international economic organizations and individual governments to address constraints and hindrances to development. Working primarily in
1218:
281:
India, the agency became an important shareholder for the
Development Credit Bank Ltd. In 2004, AKFED acquired holdings in Pakistan's largest private-sector financial institution,
430:, accommodation and service. Attention to such factors further promotes economic growth as well as the potential for local business development within less-frequented regions.
651:
862:
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agencies of the AKDN. In addition to microfinance and education, the agency works to improve the health and sanitation conditions of its beneficiaries, and considers
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1228:
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224:. As a for-profit organisation, however, AKFED conducts its businesses as a standard employer with ups and downs associated with financial results.
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180:(AKDN). It consists of more than 150 companies and is active in 15 countries which employs more than 30,000 people. The agency works to build
1213:
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249:
883:
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433:
While seeking to stimulate economic growth and generate sustainable capital, TSP aims at protecting and maintaining the local environment.
426:
In regions that are neglected by commercial tourism corporations, TPS aims to develop facilities that meet the international standards for
773:"Aga Khan Development Network. "Industrial Promotion Services." AKFED: Improving Infrastructure in the Developing World.(14 October 2007)"
702:
620:"Power: Burkina Faso." Africa Research Bulletin: Economic, Financial and Technical Series 44, no. 7 (2007): 17502B-3B.(22 October 2007)
1233:
630:
Lederman, Daniel. "Export promotion agencies : what works and what doesn't." Research and Data. The World Bank.(15 October 2007).
1090:
380:. An important aspect of the reconstruction and development process, the agency embarked on its second mobile phone initiative in
845:
The World Bank. "Kabul Serena Hotel- Environmental Review
Summary." International Finance Corporation Projects.(16 October 2007).
604:
510:
982:
134:
920:"Aga Khan Development Network. "Aviation Services." AKFED: Improving Infrastructure in the Developing World.(14 October 2007)"
919:
797:
772:
517:, which serves to collectively increase the efficiency and scope of support for the various airlines throughout the region.
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in the form of power plants have been a major project of the agency, through which it invested in the largest plant within
189:
575:
1095:
177:
165:
130:
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513:, collapsed in May 2001. In addition, the multiple airline companies of AKFED are connected through a network known as
1046:
752:"The World Bank. "Tajikistan Pamir Private Power Project." Bringing Power to the Poor in the Pamirs.(16 October 2007)"
576:"Aga Khan Development Network. "Overview." AKFED: Improving Infrastructure in the Developing World.(14 October 2007)"
900:"Smith, Sylvia. "Aga Khan visits Africa to see results of initiatives." CNN International, 2007.(16 October 2007)"
399:
cellphone network in
Afghanistan. Started in 2003, it is the largest commercial wireless operator in Afghanistan.
358:
1155:
1036:
322:
provisions for its employees. One of IPS' companies is
Frigoken, which is Kenya's largest vegetable processor.
640:
Bonaccolta, John. "After the Fall." Far
Eastern Economic Review 167, no. 31 (2004): 60-61.(22 October 2007)
211:. Through the support of industries, the agency aims to bolster the participation of developing regions in
457:
newspapers, served as vehicles of independent opinion. Today, the group operates nationwide newspapers in
294:
1133:
1063:
827:
117:
362:
674:"Uganda: Diamond Trust becomes commercial bank." African Business, December 1995, 35.(22 October 2007)
311:
185:
975:
684:
Swiss Invest Forum. "Aga Khan Fund for
Economic Development." Swiss Invest Forum.(22 October 2007).
509:, formed in 2007 and ended in 2014, filled a void that had been vacant since the national airline,
334:
207:
In conjunction with the governments of certain developing countries, AKFED operates to promote the
369:, the aim of which is to reinvigorate the country's economy and resolve electricity inadequacies.
342:
1113:
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1021:
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350:
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and the agency embarked on its goal with a new approach in the 1980s. Private enterprises and
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in 1960. In the year's leading up to Kenya's independence, Nation Media's predecessors,
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558:"About the Aga Khan Fund for Economic Development | Aga Khan Development Network"
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Aga Khan Fund for Economic Development (AKFED) was founded in 1984 and is a part of
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703:"AKDN's 100-year service in Kenya further reflected in these harsh Covid-19 times"
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252:(ISI), IPS adjusted its approach. The changes would include an emphasis upon
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The Tourism Promotion Services, known as TPS, aims at creating sustainable
215:. In addition, essential to sustaining development initiatives is a stable
943:
Far Eastern Economic Review, "Poised for Take-Off." November 14, 1991, 64.
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490:
478:
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Republic where it founded the Kyrgyz Investment and Credit Bank (KICB).
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37:
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Nation Media Group. "Historical Perspective." About.(16 October 2007).
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to developed regions. For the initial costs of such production until
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196:(TPS). These initiatives span improvements in banking, electricity,
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companies and provide them with efficient equipment and resources.
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AKFED's first telecommunications initiative is known as Indigo, a
502:
237:
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revenues are generated, microloans are provided to farmers by
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188:. Its major investments include the Financial Services,
293:
In the domain of food and agriculture, IPS facilitates
473:
stations. At present, the group has expanded to serve
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has expanded to create over 500 jobs for the country.
361:. Currently, the agency is working to establish the
1185:
1164:
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998:
112:
102:
86:
72:
62:
44:
357:, the agency is working to establish the critical
204:indirectly provides a living for 500,000 people.
200:, hotels, aviation, and communications linkages.
1219:International organisations based in Switzerland
611:." Diamond Trust Bank (DTB). (15 October 2007).
260:became generators for capital investment into
976:
728:"Frigoken Ltd | Aga Khan Development Network"
8:
30:
268:, both crucial to the development process.
983:
969:
961:
578:. Akdn.org. 21 August 2007. Archived from
36:
29:
345:. The project's counterpart in Kenya, is
127:Aga Khan Fund for Economic Development SA
552:
550:
525:
386:mobile network operators in Afghanistan
992:Aga Khan Fund for Economic Development
826:. No. 221. May 1997. p. 24.
652:"Building Self-Reliance in Kyrgyzstan"
531:
529:
314:to be of paramount concern, providing
31:Aga Khan Fund for Economic Development
250:import substitution industrialization
7:
650:Saralaeva, Leila (September 2002).
441:Aga Khan founded the Kenya's major
1229:1984 establishments in Switzerland
25:
1224:Development finance institutions
1020:
388:). Today the country's company,
91:
90:
135:development finance institution
754:. Go.worldbank.org. 2005-03-29
376:mobile phone project based in
248:economies in place of popular
137:which invests in countries of
1:
190:Industrial Promotion Services
1214:Aga Khan Development Network
359:Bujagali Hydro Power Project
178:Aga Khan Development Network
166:Aga Khan Development Network
886:September 27, 2007, at the
318:between genders and making
50:; 40 years ago
1250:
922:. Akdn.org. Archived from
800:. Akdn.org. Archived from
775:. Akdn.org. Archived from
228:Companies and subsidiaries
194:Tourism Promotion Services
1234:Companies based in Geneva
1018:
868:October 17, 2007, at the
850:October 17, 2007, at the
607:October 25, 2007, at the
35:
1156:Mwananchi Communications
1070:First Microfinance Bank
1037:Diamond Trust Bank Group
353:plant. In neighbouring
27:Swiss for-profit entity
956:AKFED official website
689:June 28, 2007, at the
465:languages, as well as
395:AKFED owns 51% of the
295:agricultural extension
1134:Business Daily Africa
1064:HBL Microfinance Bank
419:Under the brand name
316:equitable opportunity
822:"A Touch of Spice".
289:Food and agriculture
186:economic development
403:Tourism development
335:Private enterprises
164:and is part of the
104:Number of employees
32:
1114:Nation Media Group
1059:Habib Bank Limited
926:on 8 February 2012
447:Nation Media Group
339:sub-Saharan Africa
272:Financial services
160:It was founded by
133:and international
1201:
1200:
1091:Jubilee Insurance
541:www.bloomberg.com
501:In areas such as
485:Aviation services
363:Pamir power plant
153:. It is based in
131:for-profit entity
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16:(Redirected from
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511:Uganda Airlines
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246:export-oriented
244:countries with
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182:infrastructures
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157:, Switzerland.
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96:US$ 4.3 billion
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390:Roshan (telco)
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326:Infrastructure
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1086:IPDC Finance
991:
939:
928:. Retrieved
924:the original
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903:
894:
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858:
840:
823:
817:
806:. Retrieved
802:the original
792:
781:. Retrieved
777:the original
767:
756:. Retrieved
746:
735:. Retrieved
732:www.akdn.org
731:
722:
711:. Retrieved
706:
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658:. Retrieved
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584:. Retrieved
580:the original
570:
562:www.akdn.org
561:
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343:Azito Energy
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262:agribusiness
242:
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206:
202:
175:
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147:Central Asia
126:
125:
73:Headquarters
1186:Hospitality
1074:Afghanistan
1006:Aga Khan IV
537:"Bloomberg"
428:hospitality
382:Afghanistan
351:Tsavo Power
198:agriculture
162:Aga Khan IV
143:West Africa
139:East Africa
129:is a Swiss
81:Switzerland
67:Aga Khan IV
1208:Categories
1079:Tajikistan
930:2011-03-16
808:2011-03-16
783:2011-03-16
758:2011-03-16
737:2021-04-28
713:2021-04-28
660:10 October
521:References
507:Air Uganda
471:television
378:Tajikistan
367:Tajikistan
320:child-care
308:non-profit
222:microloans
192:(IPS) and
151:South Asia
1148:Taifa Leo
1008:(founder)
832:220432390
1096:Pakistan
1054:DCB Bank
1042:Tanzania
884:Archived
866:Archived
848:Archived
828:ProQuest
687:Archived
605:Archived
602:About Us
586:16 March
491:Aviation
479:Tanzania
1165:Telecom
1030:Finance
496:airline
463:Swahili
459:English
409:tourist
347:Mombasa
304:harvest
300:exports
172:History
113:Website
87:Revenue
63:Founder
53: (
45:Founded
1172:Roshan
1047:Uganda
999:People
830:
798:"Ibid"
481:also.
475:Uganda
455:Nation
421:Serena
355:Uganda
234:Africa
155:Geneva
149:, and
98:(2017)
77:Geneva
1177:Tcell
1107:Media
863:Ibid.
655:(PDF)
467:radio
451:Taifa
443:media
18:AKFED
662:2020
588:2011
503:Mali
489:The
477:and
469:and
461:and
453:and
264:and
238:Asia
236:and
55:1984
48:1984
905:CNN
374:GSM
365:in
349:’s
283:HBL
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
