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AKFED

Three accords finalized for 147-MW Ruzizi III hydropower project-between I.P.S. & Norwegian renewable energy company SN Power

Ruzizi.jpg
Source: 
hydroworld.com

IPS, the industrial and infrastructure development arm of the Aga Khan Fund for Economic Development (AKFED), and Norwegian renewable energy company SN Power have signed project agreements for the 147-MW Ruzizi III hydropower project with the governments of Burundi, the Democratic Republic of Congo (DRC) and Rwanda.

NBP Aitemaad signs Bancatakaful agreement with Jubilee Life Insurance

Habib Bank Pakistan
Source: 
fp.brecorder.com Business Recorder

National Bank of Pakistan Aitemaad Islamic Banking Group signed the 'Bancatakaful' agreement with Jubilee Life Insurance Window Takaful Operations which is the largest life insurance company in the private sector of Pakistan. The agreement was signed in a ceremony held at NBP's Head Office to commemorate the partnership in the wake of the expanding market for Bancatakaful products.

Prince Rahim launches Air Italy's inaugural flight from Toronto to Milan

Prince Rahim launches Air Italy's inaugural flight from Toronto to Milan

Meridiana, an airline based in Sardinia, launched its bid on Monday to become Italy's leading carrier with a new name: Air Italy.

Speech by his Highness the Aga Khan At The Opening Of The Islamabad Serena Hotel Islamabad, Pakistan

Your Excellency, General Pervez Musharraf,
Begum Musharraf,
Honourable Governors,
Honourable Ministers,
Excellencies,
Distinguished Guests
As-salaam-wa-alaikum

It gives me great pleasure to take part in the formal opening of the Islamabad Serena Hotel today, although, as some of you know, it has been open to the public since the end of last year.

I should like to begin by expressing to President and Begum Musharraf the gratitude of everyone connected with this endeavour, including myself, for accepting our invitation to be present on this happy day.

quote 494

The festival of Navroz is a time when we think about renewal and rejuvenation—when we welcome a new spring season in a spirit of hope and optimism.

Prince Rahim's speech at the Inauguration of the new head office of the Kyrgyz Investment and Credit Bank

Rahim.jpg.png
Source: 
akdn.org

Your Excellency President Otunbaeva
Honorable Speaker of Parliament
Excellencies
Distinguished guests

Today is truly a special day—and for several reasons.
First, it comes at a special time of the year.

The festival of Navroz is a time when we think about renewal and rejuvenation—when we welcome a new spring season in a spirit of hope and optimism.

And that spirit is very prevalent as we gather here today to mark the opening of a new head office for KICB—and as we celebrate the spirit of forward-looking progress in the Kyrgyz Republic.

PC hands over Habib Bank to Aga Khan Fund

Prime Karm Aga Khan IV with Prime Minister Shaukat Aziz  2006-01-01
Source: 
dawn.com

ISLAMABAD, Feb 26: Pakistan on Thursday handed over its second largest bank - Habib Bank Limited (HBL) - to Aga Khan Fund for Economic Development (AKFED) against a two-phased Rs22.409 billion highest bid for 51 per cent shares along with management control received in December last year.

Secretary Privatization Ahmed Waqar and Sultan Allana signed the transfer of management agreement on behalf of the Privatization Commission and AKFED respectively. Finance Minister, Shaukat Aziz and Privatization Minister Abdul Hafeez Shaikh witnessed the signing ceremony.

Pamir Energy, a project company of the Geneva-based Aga Khan Fund for Economic Development wins Ashden Award

The tough landscape of Tajikistan and northern Afghanistan has limited energy development in the region.
Source: 
pv-magazine.com

The 2017 International Ashden Award for Increasing Energy Access will be handed out to Pamir Energy, the first public-private partnership in Tajikistan, for restoring 11 small hydro power plants and upgrading 4,300 km of old transmission and distribution facilities in eastern Tajikistan.

As a result, some 200,000 locals, i.e. 96% of households, are now supplied with 24-hour clean energy, while their average household energy cost are cut from around $98 to $15 per calendar month.

A new airline in Mali 2005-02-25

Celestair, the regional airline, connects a growing number of underserved destinations in West Africa.
Source: 
akdn.org

Bamako, Mali, 25 February 2005 - The Aga Khan Fund for Economic Development (AKFED), which forms part of the Aga Khan Development Network (AKDN), will boost the commercial aviation sector in West Africa with the creation of a new national airline in partnership with the Mali government and private investors.

Aga Khan fund buys Tcell from Telia 2016-09-06

AKFED.png
Source: 
globaltelecombusiness.com

Telia Company sells 60% stake in Tajikistan operator Tcell for $39m to 40% owner Aga Khan Fund for Economic Development

Read more: Telia Tcell Akfed AKDN Tajikistan Ncell Axiata

The Aga Khan Fund for Economic Development (Akfed) has added another telecoms operator to its portfolio by buying Telia Company’s 60% stake in Tajikistan operator Tcell. Akfed already owned the other 40% and is paying just $39 million for the rest.

Akfed owns Afghanistan’s Roshan mobile operator, which in turn also owns Smart Telecom, with businesses in east Africa.

Remarks by His Highness the Aga Khan at the Foundation Stone Ceremony of the Bujagali Hydropower Project 2007-08-21

agapix_big-thumbnail.jpg

Your Excellency President Museveni
Honourable David Migreko, Minister for Energy
Honourable Ministers
Excellencies
Distinguished Guests

Let me begin by expressing my warmest thanks for your kind introduction and for this wonderful welcome.

Serena chain takes over the Movenpick Royal Palm Hotel in Dar es Salaam 2011-12-02

lobby.png
Source: 
TN Global Travel Industry News

By Apolinari Tairo, eTN Tanzania | Dec 02, 2011
TANZANIA (eTN) - East Africa’s leading tourist hotel chain, Serena Hotels, has officially taken over Tanzania’s biggest hotel, the Movenpick Royal Palm Hotel, in the Indian Ocean city of Dar es Salaam.

Previously managed by Mövenpick Hotels and Resorts, the Movenpick Royal Palm Hotel has been rebranded to the Dar es Salaam Serena Hotel effective December 1, 2011 with a new management team.

Aga Khan IV inks deal with govt to operate its organs 2013-09-17

Prince Karim Aga Khan IV and Foreign Minister Dipu Moni
Source: 
The Daily Star, Dhaka

Prince Karim Aga Khan IV, chairman of Aga Khan Development Network (AKDN), one of the world’s biggest private development groups, and Foreign Minister Dipu Moni sign a protocol at the foreign ministry in the capital yesterday. Prime Minister Sheikh Hasina looks on at the signing. Photo: PID

The Aga Khan Development Network yesterday signed a protocol with the government to operate its organs in Bangladesh as Prince Karim Aga Khan IV arrived in Dhaka on a two-day tour.
The protocol was signed after a meeting with Prime Minister Sheikh Hasina at her office.

A Profile of the Azito Energie Project in West Africa - 2008-04-28

20080428cote_azito
Source: 
akdn.org

The developing world needs more electricity, telephones, clean water, and transport and governments are encouraging the private sector to take a role in providing these basic services. AKFED is responding to the challenge and is looking at infrastructure projects in telecommunications, water and sewerage, and power generation. The Azito project was AKFED's first investment in the power sector; it was followed various other energy projects in East and West Africa as well as Central Asia.

The Largest Private Sector Power Plant in Sub-Saharan Africa

AGA KHAN FUND OFFERS HIGHEST BID FOR PAKISTAN'S LARGEST BANK - 2003-12-30

AKFED invested in Habib Bank Ltd., which was privatised by the Pakistan government.  2004-02-26

ISLAMABAD: The Aga Khan Fund for Economic Development (AKFED) on Monday gave the highest bid of Rs 22.409 billion ($389 million) for acquiring 51 per cent strategic stake in Habib Bank Limited (HBL). It was the biggest transaction in the history of Pakistan.

(AKDN reports below)


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