In early 2004, AKFED as part of its strategy to strengthen its presence in the financial sector of this region acquired 70% stake in IPDC by purchasing the shares from IFC, CDC and DEG. After being public, AKFED maintains management control of the company by holding 51% shares.

The Aga Khan Fund for Economic Development S.A. (AKFED), incorporated in Switzerland, is an international development agency which promotes entrepreneurship in private sector in specific regions of the developing world. AKFED promotes private sector initiative and entrepreneurship through equity investment in partnerships with multilateral agencies, international investors, local development institutions and individuals. AKFED operates in five broad sectors: industry and infrastructure, tourism development, financial services, media and aviation.