In many remote areas, development arrives at a stage when further progress becomes dependant on larger infrastructure issues, such as roads, telecommunications and electric power. In Uganda, for example, only five percent of the population has access to electricity. Rural electrification and the creation of electricity-generating plants then become vital to progress. More
AKDN’s development activities in Côte d'Ivoire range from a microfinance programme to a US$ 225 million dollar investment in the the country’s infrastructure. The latter investment, Azito, is the largest private sector power plant in Sub-Saharan Africa, providing over 40 percent of Côte d'Ivoire's electricity generation capacity. The microfinance programme extends loans primarily intended to improve agricultural productivity, acquire livestock and establish small enterprises in rural and urban areas.
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Since its establishment in 2005, the Aga Khan Agency for Microfinance (AKAM) has taken over 25 years of microfinance activities, programmes and banks that were administered by sister agencies within the AKDN. The underlying objectives of the Agency are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. more
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