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MoU signed for Badakhshan power transmission, Sheewa Dam construction worth $631 million 2019-03-19

A Memorandum of Understanding was signed for the implementation of power transmission project to Badakhshan province and constru
khaama.com The Khaama Press

A Memorandum of Understanding was signed for the implementation of power transmission project to Badakhshan province and construction of Sheewa Dam, the Office of the President said Tuesday.

According to a statement released by ARG Palace, the Memorandum of Understanding was signed during a ceremony which was organized in Char Chinar Palace today.

Jubilee Life wins two digital awards 2022-06-08

Jubilee Insurance Pakistan

KARACHI: Jubilee Life Insurance has won two awards in Pakistan Digital Awards Ceremony 2022, The News learnt on Tuesday.

The life insurance company bagged ‘Best Integrated Media Strategy’ award for its campaign for HBL PSL Season 6 and ‘Best Content of the Year’ award for its customer testimonial videos.

This is the fourth time in a row that the company has won awards at Pakistan Digital Awards forum that recognises brands for their unique and out-of-the-box ideas.

Bringing Clean Energy and Co-Benefits to Remote Communities in Tajikistan and Afghanistan with AKFED 2021-02-04

Pamir Mountains
reliefweb, OXFAM


This case study shows how clean, affordable and reliable electricity can be provided to thousands of people even in the poorest, most remote and difficult terrains. It illustrates how this simultaneously reduces energy poverty and carbon emissions while generating multiple co-benefits, including increased incomes, improved food security and community well-being, reduced deforestation, improved health from removing smoke from biofuels from homes, and improved healthcare and educational outcomes.


SCO, AKF (Pak) sign MoU to improve IT, digital infrastructure in GB 2021-01-26


ISLAMABAD: A Memorandum of Understanding (MoU) was signed between Special Communications Organization (SCO) and the Aga Khan Foundation (Pakistan) [AKF (Pak)] to improve IT and digital infrastructure and services in Gilgit-Baltistan (GB).

The overall purpose of the MoU is to strengthen cooperation between SCO, AKF (Pak) and other Aga Khan Development Network (AKDN) agencies in light of the shared objective of sustainable socio-economic development of GB through reliable internet and telecom infrastructure.

HBL reports almost 14 times profit per share (AKFED subsidiary) 2020-07-24

Photo: Samaa Digital

Amid variable interest rates, the Habib Bank Limited reported a net profit of Rs11 billion or Rs7.53 per share for the quarter ending June 2020, which is 13.8 times of Rs750 million or Rs0.44 per share it earned in the same quarter of the previous year, the company’s financial results revealed Friday.

The largest bank of the country saw its net interest income (NII) increase by 44% to Rs35 billion between April and June 2020, compared to Rs24 billion for the same quarter of the previous year.

Aga Khan Seeks to Buy SEACOM Business Valued at KES 65 Billion 2020-07-27


Aga Khan has made a bid to acquire Africa’s first broadband undersea cable system company, SEACOM.
The move, which was announced last week, seeks to reorganize the SEACOM’s broadband business in Africa.
The bid was made by the Aga Khan Fund for Economic Development (Akfed). The Comesa Competition Commission made an inquiry about the proposal, and Akfed reported that it is planning to require all SEACOM shares.

Globeleq's Azito Plant and AKFED Reach Financial Close For 253 MW Expansion 2020-01-22

CISION PR Newswire

LONDON, Jan. 22, 2020 /PRNewswire/ -- Globeleq, the leading independent power producer in sub-Saharan Africa, and IPS (West Africa), a company owned by the Aga Khan Fund for Economic Development, announced that their subsidiary, Azito Energie SA has reached Financial Close on its 253 MW expansion of the existing Azito gas-fired power plant near

Jubilee Life Insurance Launches First-Ever Cancer Insurance Product in Pakistan 2019-10-16

Dr. Arif Alvi, President of Pakistan with Captain Sarfraz Ahmed of Pakistan and Captain Dasun Shanaka of Sri Lanka Team
oyeyeah.com Lifestyle

This landmark activity is in-line with the global month-long project Pinktober

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


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
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,
Distinguished Guests

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.

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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


Your Excellency President Otunbaeva
Honorable Speaker of Parliament
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

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.

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.

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


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


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

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.

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