AKDN IN
Mozambique
The Aga Khan Development Network (AKDN) and the Government of Mozambique signed a diplomatic Agreement of Co-operation for Development in 1998. The Network's activities are concentrated in Cabo Delgado, the northernmost, and poorest, province of Mozambique where the Aga Khan Foundation works with communities in 13 districts. The Aga Khan Academy Maputo has been operational since 2009, and in addition, the Aga Khan Fund for Economic Development has been engaged in various projects, including the Moztex factory and the rehabilitation of the Polana Hotel. Today, AKDN employs over 1,000 people with 96% Mozambicans.
Areas of Activity
17 million
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.
17,000 km
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.
$50 millions
The network of Aga Khan Academies will eventually graduate over 1,500 future leaders annually and award over $50 million in financial aid.