Suvarna Garge (Editor)

Industrial Promotion Services

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Industry
  
Industrial Development

Founded
  
1963

Headquarters
  
Nairobi

Type of business
  
Private

Industrial Promotion Services httpsmedialicdncommprmprshrink200200AAE

Key people
  
Lutaf Kassam, Managing Director

Products
  
Manufacturing, Printing, Publishing, Agribusiness, Energy

Industrial Promotion Services (IPS) is the industrial development arm of the Aga Khan Fund for Economic Development (AKFED). AKFED is a member of the Aga Khan Development Network.

Contents

Location

IPS is headquartered in Nairobi, Kenya and has subsidiaries in Tanzania and Uganda.

Development projects

The development projects that IPS is involved in include:

  • An equity participation in the 74MW Kipevu II Power Plant in Kenya
  • An equity participation in the 288MW Azito Power Plant in Ivory Coast
  • An equity participation in the 250MW Bujagali Power Plant in Uganda. Other partners in this project include Sithe Global Power LLC, an American power development company. Sithe Global Power LLC, is owned by the Blackstone Group and Reservoir Capital Group.
  • Through its Special Purpose Vehicle subsidiary West Nile Rural Electrification Company, an equity participation in the 3.5MW Nyagak I Power Station in West Nile sub-region, in Northern Uganda.

    • Ownership

    The shareholders in IPS are summarized in the table below:

  • DEG stands for German Investment Corporation, the investment arm of the Federal Republic of Germany

    • References

    Industrial Promotion Services Wikipedia
    (Text) CC BY-SA