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 Guiding 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
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.
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.
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.
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.
Partners
Project Companies
Partners
Global Partners