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Aga Khan Network has invested US$300 million in Mozambique since 2001

Date: 
Thursday, 2019, August 8
Location: 
Source: 
clubof mozambique.com
His Highness the Aga Khan speaking at the State Banquet given in his honour, Ponta Vermelha Presidential Palace, Maputo, Mozambi
Author: 
Adrian Frey

The Aga Khan Development Network has invested about US$300 million (€267 million) in socio-economic projects in Mozambique since 2001, the agency’s representative in the country said on Wednesday.

The money has been spent on programmes in the agriculture and food security, health, financial inclusion, education and civil society and tourism sectors, Nazim Ahmad said in Maputo during a reception for notables on the occasion of the “Imamat Day of His Highness the Aga Khan”.

The goal of the Aga Khan Development Network is “to establish a framework for the full presence of all of the economic network potential, but also that of the social and cultural network in Mozambique,” he added.

In total, the organisation employs 1,243 people, 98% of whom are Mozambicans.

In addition to managing three educational institutions in the country, the Aga Khan Development Network, in partnership with the La Caixa Foundation, has invested in capacity building of civil society organisations, having worked with 270 entities, directly benefiting about 3,600 people.

The Aga Khan Network, which also owns one of the main hotels in Maputo (the Polana Serena), has since 2008 owned a textile factory that employs 752 employees and last year produced 2.4 million items for export.
Source: Lusa


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