The Aga Khan Fund for Economic Development (AKFED) is an international development agency dedicated to promoting private initiative and building economically sound enterprises in the developing world. The Fund is making long-term investments in Tajikistan as part of an effort to catalyse foreign investment and strengthen the role of the private sector in the country while building essential infrastructure. Its approach emphasises the development of local human resources over time, including managerial, technical, marketing and financial skills. AKFED’s current investments in Tajikistan are in the sectors of energy, telecommunications, and tourism; they include the PamirEnergy company, Tcell (formerly Indigo Tajikistan) and Tourism Promotion Services.