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$4.1 billion in 2015, but because of its development ethos, it reinvests all profits in further development. More
Areas of Activity
In 2015, the Aga Khan Fund for Economic Development generated revenues of US$ 4.1 billion. All surpluses were reinvested in further development activities.
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.
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.