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kmaherali



Joined: 27 Mar 2003
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PostPosted: Tue Jul 07, 2015 9:26 pm    Post subject: Reply with quote

Ivory Coast’s AKFED project inaugurated with 139 MW expansion of Azito Energie’s power station


Abidjan, 30 June 2015: Azito Energie SA (“Azito”) today celebrated the commercial start-up of Phase 3 of its 430 MW combined-cycle gas turbine (“CCGT”) power plant in Abidjan with an onsite inauguration ceremony held in the presence of His Excellency Alassane Ouattara, President of the Republic of Côte d’Ivoire (Ivory Coast), Prince Rahim Aga Khan, son of His Highness the Aga Khan (founder and chairman of the Aga Khan Development Network) and Globeleq executives led by Mikael Karlsson, CEO of Globeleq.

Azito is now one of the most modern, efficient power plants in West Africa, providing 25 percent of Côte d’Ivoire’s electricity capacity.

The newly built Phase 3 adds 10 percent more affordable and reliable electricity to the country.




“This clearly demonstrates what can be achieved when governments, the international financing community and the private sector act in close cooperation to develop sub-Saharan Africa’s energy sector.

Azito provides a blueprint for the development and financing of similar power projects, both in Côte d’Ivoire and West Africa as a whole.”

– Mikael Karlsson, CEO of Globeleq, Azito’s major shareholder

Côte d’Ivoire, the world’s top cocoa producer and Francophone West Africa’s largest economy, has been inhibited by a lack of dependable electricity infrastructure even as it emerges as a regional power hub. The need for reliable and efficient power supplies has become increasingly urgent, as the country’s economic growth is dependent on it. The Azito Power Plant will help address this need.

Côte d’Ivoire already exports electricity to Ghana, Burkina Faso, Benin, Togo and Mali, all on the same network, and has plans to add Liberia, Guinea and Sierra Leone to its grid.
Arial view of 139-megawatt expansion of Azito Energie’s power station in Ivory Coast
Discover, Explore and Learn more via
•AKDN | Azito Energie Inaugurates Côte d’Ivoire’s First Operational Combined Cycle Gas Turbine (CCGT) Power Plant
•Reuters | Azito Energie to boost I.Coast power plant capacity by 139 MW
•Energy Business Review | Azito close to commission 430MW power plant in Ivory Coast

AKFED's IPS West Africa: Construction to commence to expand Cote d'Ivoire plant



In "Fund for Economic Development"


A Profile of the Azito Energie Project in West Africa In "Africa"


AKFED's Azito Energie awards US$250 Mln Power Plant Contract to Hyundai

https://ismailimail.wordpress.com/2015/07/07/ivory-coasts-akfed-project-inaugurated-with-139-mw-expansion-of-azito-energies-power-station/
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PostPosted: Sat Jul 11, 2015 7:49 am    Post subject: Azito Energie Inaugurates Côte d’Ivoire’s Power Plant Reply with quote

businesswire.com/news/home/20150630005049/en/Azito-Energie-Inaugurates-C%C3%B4te-d%E2%80%99Ivoire%E2%80%99s-Operational-CCGT#.VaBLB1LPaSo

Azito Energie Inaugurates Côte d’Ivoire’s First Operational CCGT Power Plant

June 30, 2015 10:00 AM Eastern Daylight Time

ABIDJAN, Côte d’Ivoire--(BUSINESS WIRE)--Azito Energie SA (‘Azito’) today celebrates the commercial start-up of Phase 3 of its 430 MW combined-cycle gas turbine (‘CCGT’) Power Plant in Abidjan with an onsite inauguration ceremony held in the presence of His Excellency, President Alassane Ouattara, President of the Republic of Côte d’Ivoire.

“This clearly demonstrates what can be achieved when governments, the international financing community and the private sector act in close cooperation to develop sub-Saharan Africa’s energy sector. Azito provides a blueprint for the development and financing of similar power projects, both in Côte d’Ivoire and West Africa as a whole.”

Azito is now one of the most modern, efficient power plants in West Africa and will provide one-quarter (25%) of Cote d’Ivoire’s current total electricity capacity.

The newly built Phase 3 of the Azito Power Plant adds ten percent (10%) more affordable and reliable electricity to the country.

Including the recent capacity expansion, the total investment in the Azito Power Plant amounts to USD615 million. Phase 3 was financed by shareholder equity, and loans from international and bilateral development agencies.

Hyundai Engineering and Construction Co Ltd, the engineering, procurement and construction contractor, completed the expansion earlier in 2015. During the peak of construction, the plant’s expansion created more than 1,300 jobs of which more than 60% were met by local employment.

The CEO of Globeleq, Azito’s major shareholder, Mikael Karlsson, commented: “This clearly demonstrates what can be achieved when governments, the international financing community and the private sector act in close cooperation to develop sub-Saharan Africa’s energy sector. Azito provides a blueprint for the development and financing of similar power projects, both in Côte d’Ivoire and West Africa as a whole.”

Luc Ayé, Azito's CEO said: “The scale of this power plant is indicative of the Government’s ambitions for Côte d’Ivoire. I would like to thank the Prime Minister and the Minister of Petroleum and Energy, our shareholders -Globeleq and IPS WA, a subsidiary of the Aga Khan Funds for Economic Development, AKFED - and financial partners for sharing our vision and ambition in bringing such a landmark power project to fruition, not forgetting the entire project team.”

- ENDS -

Notes to the Editors

Côte d’Ivoire, Francophone West Africa's largest economy, is an emerging regional power hub that has been in urgent need of increased reliable and efficient power supplies to stimulate the country’s economic growth.

The Azito Power Plant will contribute to the industrialisation of the country, which has been inhibited by a lack of dependable electricity infrastructure.

About Azito

The Azito power plant is located close to Abidjan, the Ivorian capital, at 6 km from the port. The plant has been in operation since 1999. The original simple cycle facility of 290 MW has been converted to a 430 MW CCGT power plant via the addition of a condensing steam turbine, powered by the gas turbines exhaust heat. This has increased electricity output by almost 50%, with no incremental gas consumption. In addition to increase energy efficiency, CCGT technology also reduces emissions. For more information, visit azitoenergie.com.

Contacts

Azito Energie SA
Angela Ezaley
+225 22 40 02 40
or
Brand Communications (London)
Lynette Lambert
+44 207 638 6856
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kmaherali



Joined: 27 Mar 2003
Posts: 15038

PostPosted: Tue Sep 22, 2015 9:30 pm    Post subject: Reply with quote

Aga Khan Foundation boosts Kilifi County agricultural projects.

Kilifi county government is set to partner with Aga Khan foundation to revive the long forgotten agricultural projects in the County with an aim of boosting the county agricultural sector and economy in general.

Through an MOU signed between the county department of Agriculture and the Aga Khan Foundation all stalled agricultural projects will also be revived to create more job opportunities and improve living standards of the county residents.

Speaking during the signing of the MOU, the Agha Khan Foundation Coast region Manager Atrash Ali

Said the foundation will ensure the projects are owned by the community.

“Today we are here to sign the memorandum of understanding with the county department and identify the projects areas,” said Atrash.

The foundation is yet to disclose the exact amount of money to be pumped into the revival of projects.

The County Executive member for agriculture, fisheries and livestock Mwalimu Menza however said the county government has allocated Ksh. 280 millions for development projects.

“These projects include School farming will help increase food security in schools,” said Mwalimu.

“We are also targeting at reviving the fish farming in the county that failed to pick when it was started four years back. We urge the community to cooperate with us in the prosperity of these projects.”

The projects will commence immediately and already officers from both parties have been deployed to the field to assess the projects to be revived and the areas to set up new projects.

http://barakafm.org/2015/09/13/aga-khan-foundation-boosts-kilifi-county-agricultural-projects/
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kmaherali



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PostPosted: Sun Dec 06, 2015 11:26 pm    Post subject: Reply with quote

Changing lives by transforming learning

AKDN

Watch this film about one of our education projects in Kenya which is helping to improve prospects for these young children living in some of the poorest shanty towns in Nairobi.

https://www.facebook.com/akdn/videos/vb.1620669458166839/1708109589422825/
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PostPosted: Sat Feb 06, 2016 9:50 pm    Post subject: Reply with quote

skift.com/2016/02/06/qatar-airways-wants-a-piece-of-italian-air-carrier-meridiana/

Qatar Airways Wants a Piece of Italian Air Carrier Meridiana

Deena Kamel Yousef and Christopher Jasper , Bloomberg - Feb 06, 2016 3:00 pm


Qatar Airways buying a piece of Meridiana and revamping its fleet would allow it to better compete in Italy against Etihad and Emerates.

— Andrew Sheivachman

Meridiana SpA, Italy’s second-largest airline, said a holding company of its owner the Aga Khan has signed a preliminary accord on a partnership with Qatar Airways.

The memorandum of understanding between the Gulf carrier and Alisarda lays out conditions for a transaction to be completed in the first half, Meridiana said Thursday. Under European law, Qatar Air could buy as much as 49 percent of the Olbia, Sardinia-based carrier.
Next Story Airline Predictions for 2016 and 4 Other Aviation Trends This Week 14 hours ago

“The two parties have agreed upon the pillars of the business proposition, which envisages a reinforcement of Meridiana with the objective of making it a solid player in the very competitive European aviation industry,” the Italian airline said in a statement.

Qatar Airways, the second-biggest Middle Eastern operator, already owns a 10 percent stake in British Airways parent IAG SA and has been linked with Royal Air Maroc, India’s SpiceJet and SriLankan Airways. Chief Commercial Officer Hugh Dunleavy said Wednesday that it’s open to taking stakes in companies needing “more of an investment” to reach full potential.

Meridiana’s 20-strong fleet is ripe for upgrade, featuring McDonnell Douglas MD-80s and first-generation Boeing Co. 737s, according to its website. The carrier connects Sardinia and Sicily with Italy’s main airports and has routes to Egypt, Greece, the Canaries and a handful of long-haul destinations.

The airline, which lost 155 million euros ($171 million) in 2013, when it last posted numbers, said Tuesday that after a state-backed restructuring it had held discussions with ministers in Rome about “perspectives” for its future that include industrial partnerships.

Interested in more stories like these? Sign up for the Skift Daily Newsletter, you will be a lot smarter about the future of travel, we guarantee it!
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For Qatar, a deal with Meridiana would prompt comparisons with Gulf rival Etihad Airways, which has bought stakes in struggling airlines including Italian No. 1 Alitalia SpA.

This article was written by Deena Kamel Yousef and Christopher Jasper from Bloomberg and was legally licensed through the NewsCred publisher network.
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kmaherali



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PostPosted: Thu Feb 18, 2016 1:41 am    Post subject: Reply with quote

Aga Khan Development Network: The “Mahdi-ist” Mission of the Ismaili Imamat

ismailignosis.com/2016/02/12/aga-khan-development-network-the-mahdi-ist-mission-of-the-ismaili-imamat/
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kmaherali



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Posts: 15038

PostPosted: Sun Feb 28, 2016 10:14 pm    Post subject: Reply with quote

Impact & Relevance: The Aga Khan Development Network – Legacy in the Contemporary World

Dubbed as the second United Nations* (UN), the Aga Khan Development Network (AKDN) has been improving the quality of life of millions of people around the world for over a century. And the legacy continues …

Watch the YouTube below to learn more on what the AKDN does and its impact beyond numbers.

ismailimail.wordpress.com/2016/02/27/impact-relevance-the-aga-khan-development-network-legacy-in-the-contemporary-world/
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kmaherali



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PostPosted: Tue Mar 08, 2016 9:44 pm    Post subject: Reply with quote

In Honor of International Women’s Day (March 8th ) – AKDN’s contributions

Building on its experience in other countries, in 2010 the Aga Khan Foundation (AKF) and Aga Khan Rural Support Programme (AKRSP) began forming self-help and savings groups in rural Bihar to help marginalised women.

This is the story of one of those women.

Published on Mar 8, 2016

Over the past twenty-five years, women in India have made important gains. Over 1.2 million women have been elected as local representatives. Female literacy has increased to 65% in the past twenty years and girls now make up over 50% of new primary schools students. But the ongoing challenges for women in India are stark:
■One-third are malnourished and half are anemic.
■Most women spend at least six hours a day fetching water or firewood, cooking, and farming. Only a third of homes treat their water, resulting in illness, malnutrition, and lost work.
■Lack of sanitation facilities affects women’s safety and rates of school absenteeism, and illness.
■Only 26% of women in India have an account with a formal financial institution impeding their ability to balance family responsibilities with career or entrepreneurial opportunities.
The more women come together, the more they can earn and save, the more economic benefits they bring to their families and the more voice and respect they have in their community.

Elsewhere in Bangladesh, Industrial Promotion and Development Company (IPDC) has been playing a vital role in financing the women entrepreneurs of the country since 2009.

IPDC aspires to have more success stories in the year ahead and stand strong beside women entrepreneurs to realize their dreams. The IPDC is the first private sector financial institution of the country established in 1981 by a distinguished group of shareholders namely International Finance Corporation (IFC), USA, German Investment and Development Company (DEG), Germany, The Aga Khan Fund for Economic Development (AKFED), Switzerland, Commonwealth Development Corporation (CDC), UK and the Government of Bangladesh.

Source: The Financial Express

And in Tanzania, Aga Khan University – East Africa makes a statement while celebrating!

/ismailimail.wordpress.com/2016/03/08/in-honor-of-international-womens-day-march-8-akdns-contributions/
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PostPosted: Sat Mar 19, 2016 9:50 pm    Post subject: Reply with quote

Aga Khan Foundation: Educating Girls in Afghanistan

The Aga Khan Foundation (AKF), alongside its sister Aga Khan Development Network (AKDN) agencies, has implemented innovative, community-driven solutions to development challenges for more than 45 years. It focusses on a small number of specific development problems by forming intellectual and financial partnerships with organisations sharing its objectives. With a small staff, a host of cooperating agencies and thousands of volunteers, the Foundation reaches out to vulnerable populations on four continents, irrespective of their race, religion, political persuasion or gender

VIDEO
ismailimail.wordpress.com/2016/03/20/aga-khan-foundation-educating-girls-in-afghanistan/
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PostPosted: Tue Mar 29, 2016 7:22 pm    Post subject: Meridiana and Qatar Airways M.O.U. 2016-03-23 Reply with quote

http://www.latribune.fr/entreprises-finance/services/transport-logistique/qatar-airways-lorgne-la-compagnie-italienne-de-l-aga-khan-meridiana-559219.html

Qatar Airways lorgne la compagnie italienne de l'Aga Khan Meridiana

Par latribune.fr | 23/03/2016, 18:25

La compagnie aérienne italienne Meridiana a proposé mercredi aux syndicats la suppression de 514 postes, au lieu de 902 envisagés initialement, dans le cadre de son projet de partenariat avec Qatar Airways, qui prendrait 49% de son capital, selon les médias italiens

Après le sauvetage d'Alitalia par la compagnie d'Abu Dhabi Etihad Airways, un autre transporteur italien, Meridiana, est en passe de se placer sous l'aile d'une compagnie du Golfe, en l'occurrence Qatar Airways.

Ce mercredi, Meridiana a proposé aux syndicats la suppression de 514 postes, au lieu de 902 envisagés initialement, dans le cadre de son projet de partenariat avec Qatar Airways, qui prendrait 49% de son capital, selon les médias italiens. Le syndicat Filt Cgil (gauche) s'était dit prêt à négocier mais avait indiqué que "900 suppressions de postes n'étaient pas soutenables".

Début février, Qatar Airways et Meridiana, ont signé un protocole d'accord portant sur un projet de partenariat, avait indiqué Meridiana dans un communiqué.

La nouvelle proposition a été faite à l'occasion d'une rencontre au ministère du Développement économique.

Dans un communiqué, la ministre Federica Guidi a appelé les parties "à rechercher rapidement" un accord sur l'emploi --en sélectionnant "les instruments nécessaires pour réduire substantiellement le nombre de suppressions de postes"-- afin de "rendre possible le partenariat avec Qatar Airways, stratégique pour le futur de l'entreprise".
Aga Khan garderait le contrôle

Ce partenariat, s'il voit le jour, doit se traduire par la création d'une nouvelle holding, dans laquelle Qatar Airways prendrait 49% du capital. Le fonds Akfed de l'Aga Khan garderait le contrôle de la compagnie italienne, basée en Sardaigne, avec une participation de 51%.

Aujourd'hui, Alisarda contrôle la compagnie Meridiana mais aussi la société Geasar qui contrôle l'aéroport d'Olbia, en Sardaigne, est elle-même contrôlée par AKFED, le Fonds de développement économique d'Aga Khan qui a investi d'importantes sommes dans le tourisme sur cette île italienne.
Plan industriel de trois ans

La compagnie qatarie a proposé un plan industriel sur trois ans, en prévoyant initialement 900 suppressions d'emplois sur les quelque 2.000 que compte actuellement Meridiana.

L'idée de ce partenariat est de renforcer Meridiana dans le but de la transformer"en un solide opérateur de l'industrie du transport aérien et extrêmement compétitif en Europe".

L'objectif était de signer un accord d'ici à fin juin

Meridiana a fusionné avec l'opérateur charter Eurofly puis a racheté une autre compagnie charter, Air Italy.
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PostPosted: Wed Mar 30, 2016 12:45 pm    Post subject: Re: Meridiana and Qatar Airways M.O.U. 2016-03-23 Reply with quote

Admin wrote:
http://www.latribune.fr/entreprises-finance/services/transport-logistique/qatar-airways-lorgne-la-compagnie-italienne-de-l-aga-khan-meridiana-559219.html

Qatar Airways lorgne la compagnie italienne de l'Aga Khan Meridiana

Par latribune.fr | 23/03/2016, 18:25

La compagnie aérienne italienne Meridiana a proposé mercredi aux syndicats la suppression de 514 postes, au lieu de 902 envisagés initialement, dans le cadre de son projet de partenariat avec Qatar Airways, qui prendrait 49% de son capital, selon les médias italiens


Google translation:

Qatar Airways eyeing the Italian airline Meridiana Aga Khan

The Italian airline Meridiana Wednesday proposed to the unions the removal of 514 posts instead of 902 originally planned , as part of its partnership project with Qatar Airways, which take 49 % of its capital , according to Italian
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PostPosted: Sun Apr 24, 2016 6:59 am    Post subject: Reply with quote

http://allafrica.com/stories/201604240155.html

24 April 2016
The Monitor (Kampala)
East Africa: EAC Chiefs Commend Aga Khan Investments


East Africa
Uganda

By Dorothy Nakaweesi

Kampala — East African executives have commended the investments the Aga Khan has brought to the region.

The EAC executives, including the Assembly Speaker, Secretary General and the Chief Justice said this during a tour of the construction site of Aga Khan University (AKU) in Arusha, Tanzania on Friday, according to a statement issued by the East African Community Secretariat in Arusha.

The leaders said the university is viewed as a catalyst for transformation that will see the city expand as the intellectual, social and political hub for East Africa. The project is part of the planned $500m (Shs1.6 trillion) expansion in East Africa by the Aga Khan. It seeks to enrol health sciences and Arts students from across the region, notably Kenya, Tanzania, Uganda, Rwanda, Burundi and South Sudan.

Impressed

According to the statement, the East African Legislative Assembly Speaker, Mr Daniel Kidega, was impressed with the project plan and commended Aga Khan Development Network's initiatives to not only invest for profit but also to support the population under what he termed 'humanitarian capitalism'.
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PostPosted: Mon Apr 25, 2016 4:37 am    Post subject: Reply with quote

23 April 2016
The Nation (Nairobi)
Tanzania: Construction of Aga Khan Varsity Set to Begin in Tanzania


http://allafrica.com/stories/201604251829.html

By Zephania Ubwani

Construction of the Aga Khan University campus in Arusha is set to take off soon, its officials have announced.

This will see Arusha -- the seat of the East African Community (EAC) and allied regional organisations -- playing an additional role as the intellectual, social and political hub of the region.

The project is part of a planned $500 million expansion in East Africa by the Aga Khan. It seeks to enrol health sciences and arts students from across the region -- notably from Tanzania, Uganda, Kenya, Burundi, Rwanda and South Sudan.

Senior executives of the EAC who visited the site, situated four kilometres from the heart of the city on Dodoma Road on Friday, were told that all was set for commencement of the project.The site covers 3,200 acres, of which the potential area for investment rests on 1,700 acres.

EAC deputy secretary general Jesca Eriyo said the community was eager to see the project materialise for the benefit of the region in areas such as training the youth in various academic disciplines.
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PostPosted: Tue May 03, 2016 8:46 pm    Post subject: Reply with quote

AKDN.org website refreshed

http://www.akdn.org/

The About section contains photographs of Deedar!

http://www.akdn.org/about-us/his-highness-aga-khan
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PostPosted: Sat May 21, 2016 10:15 pm    Post subject: Reply with quote

Religion

Can heaven help the UN World Humanitarian Summit?


Germany's government supports the participation of religious leaders in the UN World Humanitarian Summit in Istanbul. Terrorism, displacement and lack of safe access to nutrition and health care are on the agenda.

.....

Another summit participant is the Aga Khan Development Network, which has about 80,000 employees and an annual budget of $625 million (550 million euros). It has been led by the Nizari-Ismailis Shiite cleric Aga Khan for the past 60 years.

http://www.dw.com/en/can-heaven-help-the-un-world-humanitarian-summit/a-19264310
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