Industrial Promotion Services
Encyclopedia
Industrial Promotion Services (IPS
IPS
- Medicine and biology :* Induced pluripotent stem cell* Intermittent photic stimulation, a neuroimaging technique* Intraparietal sulcus, a region of the brain* Ips , a genus of bark beetle- Media and entertainment :...

) is the industrial development arm of the Aga Khan Fund for Economic Development
Aga Khan Fund for Economic Development
The Aga Khan Fund for Economic Development ' is the sole for-profit agency of the Aga Khan Development Network and works in partnership with international organizations and governments to stimulate the private sectors of developing economies, with the aim of generating capital for investment...

 (AKFED). AKFED is a member of the Aga Khan Development Network
Aga Khan Development Network
The Aga Khan Development Network is a group of private, non-denominational development agencies that seek to empower communities and individuals to improve living conditions and opportunities, in sub-Saharan Africa, Central and South Asia, and the Middle East...

.

Location

IPS
IPS
- Medicine and biology :* Induced pluripotent stem cell* Intermittent photic stimulation, a neuroimaging technique* Intraparietal sulcus, a region of the brain* Ips , a genus of bark beetle- Media and entertainment :...

 is headquartered in Nairobi
Nairobi
Nairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...

, Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...

 and has subsidiaries in Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...

 and Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...

. The development projects that IPS
IPS
- Medicine and biology :* Induced pluripotent stem cell* Intermittent photic stimulation, a neuroimaging technique* Intraparietal sulcus, a region of the brain* Ips , a genus of bark beetle- Media and entertainment :...

 is involved in include:
  • An equity participation in the 74MW Kipevu II Power Plant in Kenya
    Kenya
    Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...

  • An equity participation in the 288MW Azito Power Plant in Ivory Coast
  • An equity participation in the 250MW Bujagali Power Plant
    Bujagali Power Station
    -Location:The power station is located across the Victoria Nile, about north of Jinja immediately north of the former location of Bujagali Falls. This location lies at the border between Buikwe District to the west and Jinja District to the east...

     in Uganda
    Uganda
    Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...

    . Other partners in this project include Sithe Global Power LLC, an American
    United States
    The United States of America is a federal constitutional republic comprising fifty states and a federal district...

     power development company. Sithe Global Power LLC, is owned by the Blackstone Group
    Blackstone Group
    The Blackstone Group L.P. is an American-based alternative asset management and financial services company that specializes in private equity, real estate, and credit and marketable alternative investment strategies, as well as financial advisory services, such as mergers and acquisitions ,...

     and Reservoir Capital Group.

Ownership

The shareholders in IPS
IPS
- Medicine and biology :* Induced pluripotent stem cell* Intermittent photic stimulation, a neuroimaging technique* Intraparietal sulcus, a region of the brain* Ips , a genus of bark beetle- Media and entertainment :...

 are summarized in the table below:

{| style="font-size:95%;"
|-
| width="80%" align="center" | Industrial Promotion Services Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Aga Khan Fund for Economic Development
Aga Khan Fund for Economic Development
The Aga Khan Fund for Economic Development ' is the sole for-profit agency of the Aga Khan Development Network and works in partnership with international organizations and governments to stimulate the private sectors of developing economies, with the aim of generating capital for investment...

||51.0
|-
|2||International Finance Corporation
International Finance Corporation
The International Finance Corporation promotes sustainable private sector investment in developing countries.IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States....

||15.0
|-
|3||German Investment Corporation
German Investment Corporation
Deutsche Investitions- und Entwicklungsgesellschaft translates into German Investment Corporation. DEG is a member of KfW Bank Group , an arm of the government of the Federal Republic of Germany....

 (DEG
DEG
DEG or deg is an acronym or initialism that can mean:* Diethylene glycol, an organic compound* Degree **Degree , a measurement of plane angle**Degree , used in several scales of temperature...

)||14.5
|-
|4||Others||19.5
|-
|}
  • DEG
    DEG
    DEG or deg is an acronym or initialism that can mean:* Diethylene glycol, an organic compound* Degree **Degree , a measurement of plane angle**Degree , used in several scales of temperature...

     stands for German Investment Corporation
    German Investment Corporation
    Deutsche Investitions- und Entwicklungsgesellschaft translates into German Investment Corporation. DEG is a member of KfW Bank Group , an arm of the government of the Federal Republic of Germany....

    , the investment arm of the Federal Republic of Germany

External links

  • Aga Khan Fund for Economic Development
    Aga Khan Fund for Economic Development
    The Aga Khan Fund for Economic Development ' is the sole for-profit agency of the Aga Khan Development Network and works in partnership with international organizations and governments to stimulate the private sectors of developing economies, with the aim of generating capital for investment...

  • International Finance Corporation
    International Finance Corporation
    The International Finance Corporation promotes sustainable private sector investment in developing countries.IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States....


See also

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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