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Economic development
The Network’s investment in sub-Saharan Africa’s private sector dates as far back as the 1930s and 1940s, when cooperative financial institutions were created. Thereafter, the scope was extended to other areas such as industry and tourism. Today, the project companies of the Aga Khan Fund for Economic Development (AKFED) are dedicated to promoting private initiative and building economically sound enterprises in Kenya and throughout the developing world. Surpluses generated by the Fund are reinvested in other economic development initiatives under the AKFED umbrella.