NEW DELHI : As part of its plan to reorient its business, Development Credit Bank Ltd (DCB) is considering hiking the foreign direct investment (FDI) in the bank to 49 per cent from the present 37.5 per cent held by the Aga Khan Fund for Economic Development (AKFED). The Aga Khan Foundation of France, supports economic development in developing countries. 'With the FDI norms having been relaxed we are considering a possible hike in the overseas holding to 49 per cent,' Mr Sandeep Mookerjee, Head, Personal Finance Services, DCB, told Business Line.
Times Online - The re-creation of a Moghul park in Kabul is seen as a potent symbol of regeneration: A GARDEN for courting couples from 500 years ago is to be re-created in Kabul as a potent symbol of the end of Taleban
Daily Nation (Nairobi) - The Tsavo project was the single largest foreign direct investment in the country in the recent past and was completed ahead of schedule. It was the first open bid project-financed Independent Power Producer (IPP). Industrial Promotion Services (Kenya) Ltd (IPS), an affiliate of the Aga Khan Fund for Economic Development (AKFED) and Cinergy Global Power Inc of US are the largest investors through a joint venture in the Tsavo Power Company at 49.9 per cent.
Asia Intelligence Wire -The Asian Development Bank has reached an agreement with the government of Tajikistan on the ADB's providing a grant worth 2.9m dollars for a poverty reduction project in rural areas of Tajikistan. The grant will be financed by Japan's poverty reduction fund. A letter of understanding on the project was also signed.
Lisbon, Portugal: Discussions on Afghanistan and development potential in Angola. Her Highness Begum Inaara Aga Khan, Honorary President of Focus Humanitarian Assistance (FOCUS), an international emergency relief agency yesterday evening met with Portugal
Bishkek, Kirgystan. The meeting of Kyrgyz President Askar Akaev with Prince Aga Khan was held in the Government House. The Aga Khan Trust for Culture launched the Music Initiative in Central Asia. Inauguration of the Aga Khan School was held in southern capital of Kyrgyzstan. H.H. The Aga Khan said that Kyrgyzstan might be unique in the sphere of tourism in Central Asia. According to Prince Aga Khan, his organization intends to start implementation of a programme in Alai and Chon-Alai regions of Osh province.
Kampala - The Nation (Nairobi) -. Training for health workers in the East African region got a major boost with the commissioning of the first international campus of the Aga Khan University (AKU) in Kampala last week. The Advanced Nursing Studies Programme of Aga Khan University (East Africa), developed in response to requests from governments and nursing leaders of Kenya, Tanzania and Uganda, is fully accredited in Uganda and underway in a newly-equipped campus in Kampala. Preparations for implementation of the programmes in Kenya and Tanzania are in advanced stages.
Gulf News - The European Commission has approved a grant of Rs1.1 billion (Euro 25.5 million) to the Aga Khan Foundation in India to support community based rural development. The grant will contribute towards a long-term programme to enhance and protect livelihoods of disadvantaged rural populations in resource-poor areas of central-west India, where nearly 100 million people depend on a rapidly degrading natural resource base for their livelihoods.
The Globe and Mail. The wealthy Muslim leader and philanthropist was in Ottawa this week to discover the secret of the nation's multicultural success. But he was critical of the U.S. for its simplistic views of good and evil. 'I will not stigmatize a whole population as being evil, whether they are Muslim, Christian, Jew, Hindu. I can't do that,' he told JOHN STACKHOUSE and PATRICK MARTIN.
CANADA'S PRIME MINISTER CHRETIEN AND AGA KHAN DISCUSS CENTRAL ASIA, PLURALISM AND DEVELOPMENT - 2002-01-30Posted July 10th, 2007 by heritage
OTTAWA - CNW: Canada's Prime Minister Jean Chretien and His Highness the Aga Khan, Imam (spiritual leader) of the Shia Ismaili Muslims today together called for an increased commitment to fostering pluralism in societies across both the developing and developed worlds. The Aga Khan was concluding a two day official visit at the invitation of the Prime Minister and the Government of Canada.
The Nation, Karachi: Aga Khan deliberated upon the various facets of US' understanding of Islam and lamented the bias against Islam in the West. Commenting on the post-Sept 11 developments, he emphasised the need for a better understanding of Islam and the issues perturbing the Muslim mind around the world by the West. He said the West needs to realise that the majority of the Muslim Ummah was never in favour of the policies of the Taliban.
H.H. the Aga Khan met with around 10,000 of his followers at the Diamond Jubilee Complex in Dar es Salaam, Tanzania at 2:30 P.M.. Talking about the wonderful tradition of volunteering services and of volunteers, he said '..there are some that I see with my eyes and some that I feel with my heart'. . The Daily Nation (Nairobi - Kenya) on 19 July 2002 also mentions the presence of H.H. The Aga Khan at the International Investment Round table meeting in Dar es Salaam on previous day with a photo of both the Aga Khan and World Bank President James Wolfensohn.
Sunday Nation - The Aga Khan Development Network has pledged continued investment in the country's social and economic projects. The network's resident representative, Mr Anil Ishani, said the support would not be affected by the political or economic situation as the organisation was confident that the people of Kenya would manage their affairs well.
Maputo, Mozambique - The Paris-based Aga Khan Network is considering reviving the giant Mozambican textile company Texlom, in the southern city of Matola.Texlom, which once employed 3,000 workers, has been paralysed for the past four years, and was declared bankrupt in 2001. A Mozambican government source told AIM that an Aga-Khan mission, headed by Nazim Ahmad, visited Maputo in October to contact the Mozambican authorities and study the possibility of rehabilitating the factory.
Tajik Television: A microfinance bank will be opened with the financial support of the Aga Khan Development Network in the country this year, an expert on microfinance of the Aga Khan Development Network, said during a meeting with Deputy Prime Minister Qozimdavlat Qoimdodov. The bank will deal in savings and granting credits to individuals, financial groups and especially needy families and other sections of the population. The bank's headquarters will be situated in Dushanbe.
Boston Globe. An Islamic spiritual leader has united with Harvard, MIT and six Middle Eastern universities to create a Web site its creators hope will advance architecture throughout the Islamic world. The Aga Khan, spiritual leader of the Ismaili Muslims, also hopes to link war-torn places such as Sarajevo and Kabul to the Web, empower women and foster East-West dialogue through the site, which took four years to create.
TORONTO (Reuters) - The Aga Khan, the billionaire spiritual leader of the world's 15 million Ismaili Muslims, will build the English-speaking world's biggest Islamic art museum and cultural center in Toronto after plans to buy a site in London failed, a spokesman said on Tuesday. The Aga Khan Development Network, one of the charitable institutions and businesses headed by the Aga Khan, said the museum would house artifacts from renowned private collections including those of the Aga Khan and of the Institute of Ismaili Studies in London.
Kabul, Afghanistan - Prince Amyn Aga Khan, younger brother of His Highness the Aga Khan, today announced a substantial investment by the Aga Khan Fund for Economic Development (AKFED) to initiate tourism, commercial and urban redevelopment in the capital of Afghanistan through the establishment of a world-class hotel in the centre of Kabul.
The Monitor - A new university should bring smiles on the faces of Uganda's doctors, nurses and teachers. His Highness the Aga Khan yesterday named these professions as the main focus of a proposed Aga Khan University in East Africa campus in Kampala. The Aga Khan was jointly with President Yoweri Museveni addressing a press conference at State House, Nakasero, in Kampala. The two leaders signed a supplementary protocol of co-operation for development between Uganda and the Aga Khan Development Network.
Nairobi (The East African) : AGA KHAN Health Services, Tanzania, has started to provide high quality healthcare services to the members of the newly formed Tanzania National Health Insurance Fund (NHIF) in an agreement reached in Dar es Salaam last month. The move will see NHIF members receiving high standards of care from AKHS health facilities in six centres where the AKHS runs hospitals.