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IPS(WA) and the AKDN
IPS in West Africa
Trading & Services
The 1960's
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 :
  • AKFED : 40,90%
  • Government of Côte d’Ivoire : 15,00%
  • IFC (International Finance Corporation) : 15,00%
  • DEG (German Development Agency) : 9,00%
  • BICICI (BNP-PARIBAS) : 8,00%
  • SAPRIM : 1,99%
  • SGBCI : 1,75%
  • Others : 8,36%
With annual revenues of XOF 287 billion (USD 547 million), IPS(WA) now operates in four main sectors :
  • Packaging (XOF 62 billion),
  • Agribusiness (XOF 86 billion),
  • Infrastructure (XOF 130 billion, as of the start-up of the Phase III of Azito),
  • Trading & services (XOF 9 billion).

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