Industrial Promotion Services (IPS) is the industrial development arm of the

Aga Khan Fund for Economic Development 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. I ...

(

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 ...

). AKFED is a member of the

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 49t ...

Location

IPS is headquartered in

Nairobi Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper ha ...

Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

, and has subsidiaries in

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...

and

Uganda }), is a landlocked country in East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...

Development projects

The development projects that IPS is involved in include: * An

equity participation Equity may refer to: Finance, accounting and ownership *Equity (finance), ownership of assets that have liabilities attached to them ** Stock, equity based on original contributions of cash or other value to a business ** Home equity, the diff ...

in the 74MW Kipevu II Power Plant in Kenya * An equity participation in the 288MW Azito Power Plant in

Ivory Coast Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre is ...

* An equity participation in the 250MW Bujagali Power Plant in Uganda. Other partners in this project include Sithe Global Power LLC, an

American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, pe ...

power development company. Sithe Global Power LLC, is owned by the

Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate b ...

and Reservoir Capital Group. * Through its Special Purpose Vehicle subsidiary

West Nile Rural Electrification Company West Nile Rural Electrification Company Limited (WENRECO) is an electric energy generating and distribution company in the West Nile sub-region of the Northern Region of Uganda. WENRECO is a wholly owned subsidiary of Industrial Promotion Service ...

, an equity participation in the 3.5MW Nyagak I Power Station in

West Nile sub-region West Nile sub-region, previously known as West Nile Province and West Nile District, is a sub-region in north-western Uganda, in the Northern Region of Uganda. Location The sub-region is bordered by the Democratic Republic of the Congo to the s ...

, in

Northern Uganda The Northern Region is one of four regions in the country of Uganda. As of Uganda's 2014 census, the region's population was . Districts As of 2010, the Northern Region had 30 districts A district is a type of administrative division tha ...

Ownership

The shareholders in IPS are summarized in the table below: Ownership of IPS
/ref> *DEG stands for

German Investment Corporation Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is a Development Finance Institution (DFI) and a subsidiary of KfW Group. It was founded in Cologne in September 1962 as a federally owned company by the former Federal President Walter ...

, the investment arm of the

Federal Republic of Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between ...

External links

Bujagali Hydro Power Project HomepageAKFED Homepage

References

{{reflist Aga Khan Development Network Financial services companies of Kenya 1963 establishments in Kenya

Location

Development projects

Ownership

See also

External links

References