Air Côte d'Ivoire (HF, Abidjan) management has approved the acquisition of the Aga Khan Fund for Economic Development's (AKFED) 15% shareholding by Golden Road, a consortium of private Ivorian investors. The transaction, valued at XAF3.75billion (USD7.725million) and approved by the Board of Directors on November 30, will allow the Ivorian national carrier to boost its capitalization USD51.5million. According to a Jeune Afrique interview with René Decurey, the CEO of Air Côte d'Ivoire, the investment will allow the carrier to confidently proceed with its expansion plans. However, he did note that negotiations with the Afreximbank for the establishment of a line of credit were still ongoing.