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The prospects for accelerating the country’s
privatization program are encouraging
since, as mentioned in the May 2000 PRSP, GoB has decided to carry out
reforms among which the privatization of existing state interests in order
to facilitate the entry of new firms, resources, and technology into
various segments of the market, and
the establishment or strengthening of the Government’s regulatory
capacity in the public sector.
Recently, in June 2001 the GoB submitted a letter of
intent to the IMF, in which clear indication of commitment to restructure
and divest can be noted. The restructuring of the checking system and
saving fund CCP/CNE is being finalized. The deregulation of the
telecommunications sector is illustrated by the establishment of a
regulatory agency (ARTEL-Autorité de Réglementation des Télecommunications).
The privatization of ONATEL (Office national des télécommunications) is
expected to be complete in 2002.
The Government also mentioned that the letter of
development policy of the energy sector was adopted, and bills authorizing the privatization
the Electrical Power Company (SONABEL) and opening up the capital of the
petroleum distribution company (SONABHY) to private investors were
forwarded to parliament.
In the cotton sector, the government also plans to open
up to private operators the central-southern zone, where the textile fibers
company (SOFITEX) has two ginning plants.
Below, a list of other enterprises to be divested:
·
Office Nationale des Eaux –ONEA
(Water)
·
Aéroports de Ouagadougou & Bobo
Dioulasso (Airport)
· Société
des Textiles Faso Fani (Textile): the State wants to limit its shareholding
to 25 percent.
·
Mine de Poura (Mining)
·
Société Nationale de Cinéma du
Burkina – SONACIB (Film)
·
Société des Hotels de la Gare – SHG (Hotel)
· Centre
National d’Equipement Agricole – CNEA (Agriculture Equipment)
List of enterprises to be liquidated :
·
Société National de Collecte, de
Traitement et de Commercialisation du Riz –SONACOR (Rice production and
distribution)
·
La Savana (Tomatoes and fruit
production)
·
Société Nationale de Carreaux du
Burkina –SONACAB (Tiles)
·
Société de Financement et de
Vulgarisation de l’Arachide – SOFIVAR (Groundnut oil)
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