Aga Khan Fund for Economic Development

The Aga Khan Fund for Economic Development (AKFED) is an international development agency that functions as a for-profit entity to build economic infrastructure in the developing world. Within the life sciences and healthcare sectors, AKFED operates primarily through its Industrial Promotion Services (IPS) division, which invests in pharmaceutical manufacturing and healthcare delivery systems. The fund's healthcare portfolio includes significant investments in hospitals, clinics, and manufacturing facilities that produce essential medicines for infectious diseases such as malaria and HIV/AIDS. AKFED focuses on long-term sustainability, reinvesting its profits into further development initiatives across Africa and Asia. Its activities are designed to improve access to quality healthcare and affordable pharmaceuticals in underserved regions. The organization plays a critical role in strengthening local healthcare supply chains and promoting regional self-reliance in medicine production.