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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.
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.
For over 60 years, IPS has championed and invested in catalytic and pioneering projects across Asia and Africa.
“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 2030 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
Partners
Project Companies
Partners
Global Partners
