IPS Group Company – Driven By Purpose

Driven by purpose

Launch of the development of Duiker Phase II and Nasirabad Solar Power Plants in Hunza, Gilgit-Baltistan

Learn More

IPS partners with Dr. Reddy's for a pharmaceutical project

Learn More

IPS signs $400m deal for green hydrogen fertiliser plant with the Government of Uganda

Learn More

About Us

Improving the quality of life through sustainable development

Industrial Promotion Services (IPS) is the infrastructure and industrial development arm of the Aga Khan Fund for Economic Development (AKFED), which is an affiliate of the Aga Khan Development Network (AKDN). IPS’ core sectors include agroindustry, renewable power, telecommunications and healthcare.

“IPS will help to mobilise sources of capital, local and foreign, as well as technical know-how and commercial ability which will promote projects that can assist Governments to discharge their responsibilities in enhancing national well-being.”

His Highness the Aga Khan, speaking at the opening of the IPS Building, Nairobi, Kenya, 14 March 1967.

At IPS, sustainability is embedded in our purpose. We believe in building a future that is sustainable, resilient, and conducive to the well-being of all. IPS and its group of companies have committed to achieving net zero by 2025 on our operational emissions and we are engaging our direct suppliers to address their own greenhouse gas emissions.

Our Investment Principles

Guided by ethical principles and the AKDN ethical framework

Contributing to economic development
Creating profitable, sustainable and ethical enterprises through long-term investments
Sponsor and promoter of catalytic and pioneering projects
Collaborating with local and international development partners
Contributing to ethical development through investments aligned with national development goals
Investing in fragile and complex situations often assisting in the rehabilitation of economies that have suffered from civil conflict or war

Geographical Footprint

Scaling Across the Regions

Our Sectors

20+ Project Companies in Diverse Sectors

Our History

1960

Import Substitution

To enable industrialisation and modernisation as well as reduce reliance on expensive imports, IPS promoted the manufacturer of goods for the domestic market.

1980

Export Orientation

In response to changing trade reforms, IPS established several industries that produce high-value-added products using locally sourced materials for the export market.

1990

Privatisation

Renowned for establishing sustainable private enterprises, IPS secured multiple bids to privatise state-owned industries specialising in leather and packaging.

2000

Infrastructure Development

IPS ventured into groundbreaking infrastructure projects in energy and telecommunications, fostering private-public partnerships and innovative financing models.

2020

Low Carbon Economy

IPS embarked on a journey to green its businesses to be vehicles that capture economic value by improving the quality of life, and protecting and restoring nature.