Compagnie Aerienne du Mali - abbreviated as CAM - was formed by AKFED, its subsidiary IPS, West Africa and the Government of Mali in April 2005. Its inaugural voyage was made on 07 June 2005 from Bamako to Mopti to Gao and back. The initial aim was to focus on Mali's internal network, and later turn to flights to Paris and regional West African capital cities. Bamako, population about 1 500,000 (2004), is the capital of Mali. ... Mopti is a city at the confluence of the River Niger and the River Bani in Mali, between Timbuktu and Ségou. ... Gao is a city in Mali on the River Niger with a population of about 38,000 people. ...
Mali's new airline, CompagnieAerienneduMali, today made its inaugural voyage from Bamako to Mopti, and Mopti to Gao, and back.
AKFED’s involvement in the management of the aviation sector in Mali continues a series of new initiatives embarked on by the AKDN, specifically in the areas of health, education, micro-finance, and cultural and rural development.
Companies already established in Mali are Embalmali (transport packaging) and Tolmali (metals) – holding a majority stake in both – and Énergie duMali (energy) in which it has a minority shareholding.
Mali's airline company, known by its French name, "CompagnieAerienneduMali," or CAM, has had its own share of problems with authorities in Bamako.
Mali's new airline is also innovative in that it offers consumers the possibility to pay with cash online.
In addition to the government share, Mali's airline is owned 51 percent by the Aga Khan Fund for Economic Development and 29 percent by private investors.