In the early 1960s, His Highness the Aga Khan launched the very first IPS projects to encourage and expand private enterprise in the countries of Sub-Saharan Africa and South and Central Asia.
Industrial Promotion Services (West Africa) was founded by AKFED in partnership with the Government of Côte d’Ivoire.
IPS(WA) invited third parties to participate in its capital in 1988. At 30 June 2010, the shareholders of IPS(WA) were as follows :
With annual revenues of XOF 287 billion (USD 547 million), IPS(WA) now operates in four main sectors :
XOF = CFA Franc BCEAO