Ivory Coast to Review State-Company Stakes as It Seeks Partners

(Bloomberg) -- Ivory Coast will review its holdings in state-owned companies as part of measures to increase private participation and better control its budget, according to a minister.

The West African nation will continue to hold minority stakes in an existing portfolio of 82 public companies, Communications Minister Sidi Toure told journalists in the commercial capital, Abidjan, while not giving further details.

Ivory Coast has completely privatized or sold stakes in some of its holdings since 2013, including sugar grower Sucrivoire and NSIA Banque. Last year, Toure said the government was looking at measure to improve the performance of loss-making state-owned enterprises such as oil company Petroci.

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