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AKFED
Aga Khan Fund for Economic Development SA is a Swiss for-profit entity and international development finance institution which invests in countries of East Africa, West Africa, Central Asia, and South Asia. It is based in Geneva, Switzerland. It was founded by Aga Khan IV and is part of the Aga Khan Development Network. History Aga Khan Fund for Economic Development (AKFED) was founded in 1984 and is a part of Aga Khan Development Network (AKDN). It consists of more than 150 companies and is active in 15 countries which employs more than 30,000 people. The agency works to build infrastructures that support economic development. Its major investments include the Financial Services, Industrial Promotion Services (IPS) and Tourism Promotion Services (TPS). These initiatives span improvements in banking, electricity, agriculture, hotels, aviation, and communications linkages. AKFED provides a living for millions of people, in particular in the agribusiness sector. For Example, AKFE ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Habib Bank Limited
Habib Bank Limited ( ur, ) abbreviated as HBL, is a Pakistani multinational bank based in Habib Bank Plaza, Karachi, Pakistan. Founded in 1939 by the Habib Family, HBL became Pakistan's first commercial bank. In 1951 it opened its first international branch in Colombo, Sri Lanka. In 1972 the bank moved its headquarters to the Habib Bank Plaza, which became the tallest building in South Asia at the time. The Government nationalized the bank in 1974 and privatized it in 2003; at that time the Aga Khan Fund for Economic Development acquired a controlling share. HBL major shareholding lies with the Aga Khan Fund for Economic Development (AKFED) which is based in Geneva, Switzerland. As of 2018, HBL has 1700+ branches with presence in over 25 countries spanning across four continents. It is the largest company in Pakistan in terms of assets, and has repeatedly ranked top Pakistani company in the Forbes Global 2000. It is also Pakistan’s largest commercial bank, with over 1,700 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial Promotion Services
Industrial Promotion Services (IPS) is the industrial development arm of the Aga Khan Fund for Economic Development (AKFED). AKFED is a member of the Aga Khan Development Network. Location IPS is headquartered in Nairobi, Kenya, and has subsidiaries in Tanzania and Uganda. Development projects The development projects that IPS is involved in include: * An equity participation in the 74MW Kipevu II Power Plant in Kenya * An equity participation in the 288MW Azito Power Plant in Ivory Coast * An equity participation in the 250MW Bujagali Power Plant in Uganda. Other partners in this project include Sithe Global Power LLC, an American power development company. Sithe Global Power LLC, is owned by the Blackstone Group and Reservoir Capital Group. * Through its Special Purpose Vehicle subsidiary West Nile Rural Electrification Company, an equity participation in the 3.5MW Nyagak I Power Station in West Nile sub-region, in Northern Uganda. Ownership The shareholders in IPS are summa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aga Khan IV
Shāh Karim al-Husayni (born 13 December 1936), known by the religious title Mawlānā Hazar Imam by his Ismaili followers and elsewhere as Aga Khan IV, is the 49th and current Imam of Nizari Ismailis, a denomination within Shia Islam. He has held the position of imam and the title of Aga Khan since 11 July 1957, when, at the age of 20, he succeeded his grandfather, Sir Sultan Muhammad Shah Aga Khan III. The Aga Khan claims direct lineal descent from the Islamic prophet Muhammad through Muhammad's cousin and son-in-law, Ali, considered an imam in Shia Islam, and Ali's wife Fatima, Muhammad's daughter from his first marriage. His grandfather, Aga Khan III, states in his memoirs that the Shias had a "need (for) Divine guidance" after the Prophet of Islam's death, this need being fulfilled by the Imamate. According to the Aga Khan III as mentioned in his memoirs, he has actual "Divine power, guidance, and leadership (authority)." The Institution of Imamate has continued to pre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aga Khan Development Network
The Aga Khan Development Network (AKDN) is a network of private, non-denominational (de jure) development agencies founded by the Aga Khan that work primarily in the poorest parts of Asia and Africa. Aga Khan IV succeeded to the office of the 49th hereditary Imam as spiritual and administrative leader of the Shia faith-rooted Nizari Ismaili Muslim supranational union in 1957. Ismailis consist of an estimated 25–30 million adherents (about 20% of the world's Shia Muslim population). The network focuses on health, education, culture, rural development, institution building and the promotion of economic development. The AKDN aims to improve living conditions and opportunities for the poor, without regard to their faith, origin or gender. Its annual budget for not-for-profit activities is approximately US $ 950 million – mainly in Africa, Asia, and the Middle East. The AKDN works in 30 countries around the world, and it employs approx 96,000 paid staff, mostly in developing countr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Serena Hotels
Serena Hotels is a hospitality company which operates up-scale hotels and resorts in East Africa, Southern Africa and South Asia. Serena comprises a collection of 36 luxury resorts, safari lodges, and hotels, which are located in East Africa (Kenya, Tanzania, Rwanda, Uganda, and Mozambique) and Central and South Asia (Pakistan, Afghanistan, and Tajikistan). The Serena Hotels Group trades under the name Tourism Promotion Services (TPS Serena). The company is listed on the Nairobi Stock Exchange (NSE), where it trades under the symbol TPS. The largest shareholder (45%) is the Aga Khan Fund for Economic Development (AKFED), with a further 4% owned by the Aga Khan University Foundation. , the group has 25 properties in Africa, in the countries of Kenya, Mozambique, Rwanda, Tanzania, and Uganda. The Group also maintains 11 properties in three Asian countries of Afghanistan, Pakistan, and Tajikistan. In September 2020, Serena Hotels opened a new property in Goma, the capital of Nort ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geneva
Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the List of cities in Switzerland, second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situated in the south west of the country, where the Rhône exits Lake Geneva, it is the capital of the Canton of Geneva, Republic and Canton of Geneva. The city of Geneva () had a population 201,818 in 2019 (Jan. estimate) within its small municipal territory of , but the Canton of Geneva (the city and its closest Swiss suburbs and exurbs) had a population of 499,480 (Jan. 2019 estimate) over , and together with the suburbs and exurbs located in the canton of Vaud and in the French Departments of France, departments of Ain and Haute-Savoie the cross-border Geneva metropolitan area as officially defined by Eurostat, which extends over ,As of 2020, the Eurostat-defined Functional Urban Area of Geneva was made up of 9 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Import Substitution Industrialization
Import substitution industrialization (ISI) is a trade and economic policy that advocates replacing foreign imports with domestic production.''A Comprehensive Dictionary of Economics'' p.88, ed. Nelson Brian 2009. It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products. The term primarily refers to 20th-century development economics policies, but it has been advocated since the 18th century by economists such as Friedrich ListMehmet, Ozay (1999). ''Westernizing the Third World: The Eurocentricity of Economic Development.'' London: Routledge. and Alexander Hamilton.Chang, Ha-Joon (2002). ''Kicking Away the Ladder: Development Strategy in Historical Perspective.'' London: Anthem Press. ISI policies have been enacted by developing countries with the intention of producing development and self-sufficiency by the creation of an internal market. The state leads economic development by nationalizat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entrepreneur
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Extension
Agricultural extension is the application of scientific research and new knowledge to agricultural practices through farmer education. The field of 'extension' now encompasses a wider range of communication and learning activities organized for rural people by educators from different disciplines, including agriculture, agricultural marketing, health, and business studies. Extension practitioners can be found throughout the world, usually working for government agencies. They are represented by several professional organizations, networks and extension journals. Agricultural extension agencies in developing countries receive large amounts of support from international development organizations such as the World Bank and the Food and Agriculture Organization of the United Nations. Extension terminology The use of the word 'extension' originated in england in 1866.Modern extension began in Dublin, Ireland in 1847 with Lord Clarendon's itinerant instructors during the great fami ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asia
Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area of , about 30% of Earth's total land area and 8.7% of Earth's total surface area. The continent, which has long been home to the majority of the human population, was the site of many of the first civilizations. Its 4.7 billion people constitute roughly 60% of the world's population. In general terms, Asia is bounded on the east by the Pacific Ocean, on the south by the Indian Ocean, and on the north by the Arctic Ocean. The border of Asia with Europe is a historical and cultural construct, as there is no clear physical and geographical separation between them. It is somewhat arbitrary and has moved since its first conception in classical antiquity. The division of Eurasia into two continents reflects East–West cultural, linguistic, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Export
An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ''exporter''; the foreign buyer is an '' importer''. Services that figure in international trade include financial, accounting and other professional services, tourism, education as well as intellectual property rights. Exportation of goods often requires the involvement of customs authorities. Firms Many manufacturing firms begin their global expansion as exporters and only later switch to another mode for serving a foreign market. Barriers There are four main types of export barriers: motivational, informational, operational/resource-based, and knowledge. Trade barriers are laws, regulations, policy, or practices that protect domestically made products from foreign competition. While restrictive business practices sometimes hav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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