The director of “AM Live” and her crew produce the live morning broadcast from the NTV control room, Nairobi, ...

AKDN / Lucas Cuervo Moura

Solar panels have greatly reduced the carbon imprint of Kilaguni Serena Safari Lodge in Tsavo West National Pa...

AKDN / Lucas Cuervo Moura

Serena conservationist Maurice Undah educates guests and schoolchildren about butterflies, their brief life cy...

AKDN / Lucas Cuervo Moura

The AKDN project company Frigoken, Kenya's largest exporter of processed green beans, endeavours to forge a be...

AKDN / Lucas Cuervo Moura

Premier Food Industries Ltd, Nairobi, Kenya - Young parents like this assembly worker who are employed by Frig...

AKDN / Lucas Cuervo Moura

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Kenya | Economic Development

$940 million

AKDN companies generate over US$ 940 million annually

Financial Services

Jubilee Allianz General Insurance Limited

The Jubilee Insurance Group in Africa was founded in the 1930s to provide life and general insurance across the region. It has grown into the market leader in Kenya, Tanzania, Uganda, Burundi and Mauritius. In 2021 the Group entered a strategic partnership with Allianz. Currently it has over 450,000 clients in East Africa. Jubilee Allianz is listed in the Nairobi Securities Exchange, the Dar-es-Salaam Stock Exchange and the Uganda Securities Exchange, having been rated highly on Leadership, Quality and Risk Management. It has an AA- rating in Kenya and Uganda and an A+ in Tanzania.

Jubilee Allianz has maintained its position as the largest composite insurer in East Africa for the 14th consecutive year. It has retained the number one position in health business in Kenya and Uganda, Uganda short-term business and general business in Tanzania. It is now the top life insurer in Uganda. It is preeminent in the health insurance sector in East Africa, both in terms of gross written premiums and its underwriting results.

Diamond Trust Bank

Established 70 years ago, Diamond Trust Bank (DTB) has matured into a fully fledged commercial banking group in East Africa with branches in Kenya, Tanzania and Uganda.

Diamond Trust Bank (DTB), which was founded in the 1940s, offers retail and commercial banking services in Kenya, Tanzania, Uganda and Burundi via a network of over 135 branches. It primarily serves corporate and SME customers. DTB offers an array of banking services, including the provision of financial services to over 900,000 customers via alternative delivery channels.

DTB Kenya is listed on the Nairobi Securities Exchange and has nearly 12,000 shareholders worldwide. Its key shareholders include AKFED, Habib Bank Limited (HBL), which is an AKFED subsidiary, and International Finance Corporation (IFC).

In the front lobby of the Amboseli Serena Safari Lodge, guests can view statistics about the Lodge’s generation and use of solar power. The Lodge’s engineer trains staff on these statistics so that they can answer any questions from guests.

AKDN / Lucas Cuervo Moura

Tourism Promotion Services

Tourism Promotion Services (TPS) builds, rehabilitates and manages hotels, resorts, safari lodges and camps that contribute to economic growth in an environmentally and culturally sensitive manner. These investments are the result of close consultation with governments, with TPS often assisting them in the development of integrated tourism development plans for specific regions.

The first hotel ventures in Kenya were launched in the 1970s, when tourism was in a nascent stage. TPS now owns and manages the Serena Beach Resort & Spa in Mombasa and the Nairobi Serena Hotel, as well as five Serena brand safari lodges and camps throughout Kenya.

TPS Eastern Africa is listed on the Nairobi Securities Exchange.

Established in 1989 as a provider of premium quality products, Frigoken Ltd (FKL) is a member of the Industrial Promotion Services (IPS) group of companies. Currently FKL is Kenya's largest exporter of processed vegetables, primarily green beans. Most of these beans are sold on European markets under famous brand names.

AKDN / Gary Otte

Industrial Promotion Services

AKFED set up Industrial Promotion Services (IPS) in 1963 to provide venture capital, technical assistance and management support to encourage and expand private enterprise in countries of sub-Saharan Africa and South Asia. Its core sectors include food and agro-industries, printing and packaging, textiles, pharmaceuticals, leather and infrastructure.

Food and Agro-Processing

In Kenya, IPS companies comprise several food and agro-processing industries that produce meat, fruit and vegetable products for local, regional and international markets. These companies include: Farmers Choice Ltd., Premier Foods Ltd. (PFL) and Frigoken Ltd. Frigoken Ltd. provides agricultural extension services to tens of thousands of small-scale farmers to produce various agricultural goods including green beans. The beans and other vegetables are processed and exported to European markets. The company offers price guarantees, training, an assured market and high-quality inputs, along with year-round processing, giving farmers a steady income.

Meanwhile, Premier Foods Limited processes mango and yellow passion fruit to puree and juice for the domestic and export markets, including small-scale farmers in its value chain.

Extraction and Manufacturing

Other industrial IPS investments include:

  • Allpack Industries Ltd., which manufactures high quality corrugated carton packaging and polypropylene bags for agricultural and consumer goods;

  • African Leather Industries Ltd., a manufacturer of finished leather products for the domestic and international market;

  • Moztex S.A , which manufactures apparels for export; and

  • Botanical Extracts EPZ, which produces a host of crude extracts, refined extracts and phytochemicals from botanical raw materials that are available within East Africa.


In tandem with government policy, IPS has diversified into privately financed infrastructure projects such as thermal and hydropower plants, and telecommunications services.

Similarly, IPS has invested in SEACOM, which launched Africa’s first broadband subsea cable system along the eastern and southern coastlines in 2009, bringing with it a vast supply of high-quality and affordable Internet bandwidth. Connecting South Africa, Mozambique, Tanzania and Kenya to the Middle East and Europe, SEACOM’s cable system also connects inland countries such as Uganda and Rwanda.

Since then, SEACOM has moved beyond being a cable operator to become a major pan-African service provider, offering a full suite of resilient and scalable data services that allow Africa’s growing ICT community to develop and evolve. The SEACOM business division provides the African enterprise market with best-in-class connectivity and cloud services.

Cate Rira and Dr Kingori on the Nation FM #Morning Fix take calls from listeners on the topic of depression amongst youth. The live radio broadcast is part of Nation Media Group (NMG), the largest independent media house in East and Central Africa, serving audiences in Kenya, Uganda, Tanzania, and Rwanda.

AKDN / Lucas Cuervo Moura

Nation Media Group

The Nation Media Group (NMG), founded by His Highness the Aga Khan in 1960, is one of Kenya’s most important companies. It has its origins in Kenya’s Taifa and Nation newspapers, which were set up to provide independent voices during the years just preceding the country’s independence.

With headquarters in Nairobi, operations include English and Kiswahili national newspapers, a regional weekly, and radio and television stations in Kenya, Uganda and Tanzania. A leader across East Africa, NMG’s success is underpinned by state-of-the-art printing technology, investment in professional development and a highly-subscribed Internet presence through its English-language publications.

NMG launched the Kusi Ideas Festival in 2019 to capitalise on the opportunities and innovations available to Africa. In 2022 NMG received a top award for the third festival at the International News Media Association's Global Media Awards.

Preparing Youth for the Future

The Aga Khan Foundation (AKF) partners with youth-focused civil society organisations and social enterprises to enrol young people in both rural and urban areas into employable skills training programmes. This includes building links with private-sector employers for internship and employment opportunities.

It engages youth through human-centred design sessions to develop innovative business solutions. Promising youth-led solutions are scaled up with flexible innovation responsive grants.