France and AKDN sign agreement to finance the construction of the Aga Khan Academy Maputo

France and AKDN sign agreement to finance the construction of the Aga Khan Academy Maputo

The French Development Agency and AKDN engage in a US$58 million partnership to provide equitable access to an international standard of education in Mozambique

France and AKDN sign agreement to finance the construction of the Aga Khan Academy Maputo
The French Development Agency and AKDN signing an agreement for USD$58 million to finance the construction of the Aga Khan Academy Maputo in the presence of His Highness the Aga Khan and Rémy Rioux, Director-General of the French Development Agency (AFD). Photo: AKDN

Gouvieux, France, 27 September 2016 – His Highness the Aga Khan, Chairman of the Aga Khan Development Network (AKDN) and Rémy Rioux, Director-General of the French Development Agency (AFD), today presided over the signing of a loan agreement for US$25 million to finance the construction of the Aga Khan Academy Maputo.

The agreement will expand provision of high quality education to develop future leaders and train teachers, supporting economic and social development in Mozambique. It will provide opportunities for talented girls and boys to access primary and secondary education, regardless of their socio-economic background. A unique talent identification system, as well as student scholarships, allows the Aga Khan Academy to offer a large number of students from lower income families the opportunity to access quality education.

France and AKDN sign agreement to finance the construction of the Aga Khan Academy Maputo
The French Development Agency and AKDN engage in a partnership to provide equitable access to an international standard of education in Mozambique. Photo: AKDN

This loan, coupled with an investment of US$33 million by the AKDN, will enable the construction of the campus for the Aga Khan Academy Maputo, together with state-of-the-art infrastructure, facilities and equipment. In parallel, the construction of apartments for faculty and for rent will help support over $60 million of financial aid to be disbursed over the next 20 years.

The student body of more than 750 girls and boys from kindergarten to grade 12 will benefit from facilities that will include classrooms, science laboratories, libraries, lecture and work-study rooms for teacher professional development, administration offices, students’ residences, dining and kitchen facilities, an amphitheatre, and sport and arts facilities. The campus will also be equipped with advanced IT infrastructure.

Sources:

 

Related, Aga Khan Academies

 

Related, Aga Khan Academy Maputu

 

Author: ismailimail

Independent, civil society media featuring Ismaili Muslim community, inter and intra faith endeavors, achievements and humanitarian works.

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