Aga Khan Fund for Economic Development
As an international development agency dedicated to promoting entrepreneurship and building economically sound enterprises in the developing world, the Aga Khan Fund for Economic Development (AKFED) often works in parts of the world that lack sufficient foreign direct investment. AKFED operates as a network of affiliates with more than 90 separate project companies employing over 47,000 people. It had revenues of US$4.1 billion in 2015, but because of its development ethos, it reinvests all profits in further development. More
Areas of Activity
Access to electricity is essential for a basic standard of living. In Uganda, the Bujagali Hydropower Project provides clean and reliable power that supplies nearly half (49%) of the electricity in the country, helping to drive economic growth.
The Aga Khan Fund for Economic Development has around 47,000 employees worldwide, in project companies including large hydropower plants, mobile phone networks, hotels, and agribusiness and pharmaceutical companies.
Frigoken, an AKFED project company, supports the rural Kenyan economy by providing agricultural extension services at no cost to more than 100,000 small-scale bean farmers.