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
Each year, in collaboration with its partners, the AKDN generates electricity for 10 million people who were previously without reliable energy supplies.
17 million people
AKDN offers a range of financial services from community-based savings groups to corporate banking to life insurance. These services are used by 17 million people each year.
AKFED has helped address bandwidth problems in Africa through investments in SEACOM, the first company to connect South and East Africa to Europe and South Asia with 17,000 km of undersea fibre optic cables.