IVORIAN PRIVATISATION ON TRACK

AUTHORITIES in Cote d’Ivoire say the on-going privatisation of government corporations earned the state some 280-billion CFA francs. Some 80 loss-making corporations were identified for Privatisation under the late President Felix Houphouet-Boingy in 1991. The government said at the weekend that 54 companies out of the lot had been privatised by 31 December 1998. Privatised companies made a total investment of 130-billion francs in 1997 and 121-billion francs in 1998, with more than 140-billion francs investment being expected from them in 1999.