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.[1]
| Private | |
| Industry | Industrial Development |
| Founded | 1963 |
| Headquarters | Nairobi, Kenya |
Key people | Lutaf Kassam, Managing Director |
| Products | Manufacturing, Printing, Publishing, Agribusiness, Energy |
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.[2]
- 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 summarized in the table below:[3]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Aga Khan Fund for Economic Development | 51.0 |
| 3 | German Investment Corporation (DEG) | 14.5 |
| 4 | Others | 19.5 |
- DEG stands for German Investment Corporation, the investment arm of the Federal Republic of Germany
gollark: …
gollark: Regarding actually selecting on children: I think you could make some reasonable argument about not disadvantaging children genetically or something but also people are terrible and could not be trusted to do this in a nonterrible way.
gollark: limons did mention something about just using it for membership in some group and not for deciding who reproduces, but that's not particularly eugenicsy and just vaguely stupid like mensa.
gollark: Yeees, actually, hmm.
gollark: Anyway, limons, for the purpose you specified it would work fine to just rank people on accomplishments instead of some rough "intelligence" metric.
See also
External links
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.