His Highness the Aga Khan concludes inaugural visit to Western Canada, advancing partnerships for inclusive development
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Aga Khan Fund for Economic Development
The Aga Khan Fund for Economic Development (AKFED) is an international development agency dedicated to promoting entrepreneurship and building economically sound enterprises in the developing world. We often work in parts of the world that lack sufficient foreign direct investment. We operate as a network of affiliates in Central and South Asia and Africa, with more than 65 separate project companies employing over 60,000 people.
65
AKFED has an interest in more than 65 separate project companies.
60,000
These companies employ over 60,000 employees.
65
AKFED has an interest in more than 65 separate project companies.
60,000
These companies employ over 60,000 employees.
[AKFED] is a for-profit, international development agency that, because of its institutional background and social conscience, invests in countries, sectors and projects, on criteria far different from those of a straightforward commercial investor. Investment decisions are based more on the prospects for better lives for the constituencies of people that will be impacted by the investments and their results rather than on bottom line profitability. AKFED does seek to generate profits, but they are entirely reinvested in future development initiatives.
Prince Karim Aga Khan IV
Financial Services
AKFED has a financial interest in banks and insurance companies in Africa and Asia, enhancing financial inclusion and reinvesting all profits into development.
Industrial Promotion Services
Industrial Promotion Services has operated since the 1960s to encourage and expand private enterprise, providing employment, infrastructure and goods and services.
Tourism Promotion Services
AKFED’s Tourism Promotion Services runs environmentally sustainable hotels to encourage tourism and associated economic benefits in underserved regions.
AKFED Companies
AKFED companies provide employment and skills enhancement, supply goods and services vital for development, and generate economic growth and government income.