BOAD takes major stake in West African airlines

The West African Development Bank (BOAD) has taken over ASKY Airlines and Air Cite d'Ivoire.
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The bank announced at its AGM today in Dakar, Senegal that it is to invest $388 million in Air Cote d’Ivoire, the national airline of the Ivory Coast.
It also said that it had increased its shareholding in the Togo-based ASKY by more than $580 million.
 

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