PROJECT

Projects

Summary of Proposed Investment

Project Number

27048

Company Name

Aga Khan Fund for Economic Development SA

Date SPI Disclosed

Feb 18, 2010

Country

Africa Region

Industry

Infrastructure

Projected Board Date

Mar 22, 2010

Status

Completed

Sector

Air Transportation

Department

Regional Industry - INF Africa

Environmental Category

B - Limited

Previous Events

Approved : Mar 31, 2010
Signed : Mar 31, 2010
Invested : Jun 10, 2010

Project Description

The Aga Khan Fund for Economic Development (“AKFED”), through its Aviation Services division (the “Division”), is currently expanding its activities in both East and West Africa. The aim of the Division is to assist in maintaining the critical aviation infrastructure in support of economic development and to provide much needed regional airline services in Africa. The Project would consist of a corporate loan of up to $25 million to AKFED for on-lending to its three airlines: Air Burkina, Air Mali and Air Uganda, to allow AKFED to consolidate all of the Division’s airline and aviation activities and optimize routing, synergies and overall effectiveness across the group’s airline operations.

Sponsor / Cost / Location

Development Impact