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The government, in its recent
letter of intent to the IMF and Memorandum of Economic and Financial
Policies, indicated its commitment to undertake structural reforms to
improve the macroeconomic framework. In that sense, the privatization of
the largest state enterprises and
the commercial banks, for which a restructuring and privatization
plan was elaborated in 2000, is
among the key measures defined by the government.
The Government expects that
the divestitures of public enterprises will provide Franc CFA
25.4 billion of revenue.
Below the list of enterprises divested, to be
divested or liquidated:
Privatized
- UCB (Bank) –
bought by COFIPA
- MAB (Agro-industry) – bought
by the US company Sea Board.
Concession
- CORAF (Oil refinery):
the Privatization is scheduled for June 2002.
Ongoing Privatization
- HYDRO CONGO (downstream petroleum
activities)
- SCBO (Wood processing)
- CAIC (Bank)
- SANGHAPALM (palm oil)
To be divested
- SNDE (Water utility)
- SNE (Power utility)
-
ONTP (Postal services and Communications): reorganized with the postal
service and the Savings Bank being separated from the telecommunications
division; the latter is SOTELCO (Congo Telecommunications Company).
- ATC (Transport authority)
reorganized in three entities: PAPN (Pointe Noire
Independent Port Authority), now under independent management; the CFCO
(Railway transport Authority), and the VNPTF (Inland waterway transport
service).
- LINA CONGO (Transport)
- BEACH HOTEL (Hotel)
- PALM BEACH (Hotel)
- ARC (Insurance)
-
SIBOM (wood processing)
-
SOFAB (cattle feed processing)
- MAB
(cattle feed processing)
To be divested or restructured
- CNSS (Social Security)
- MERIDIEN (Hotel)
- COSMOS (Hotel)
- M'BAMOU SOFITEL PALACE
(Hotel)
- NOVOTEL (Hotel)
- OLYMPIC PALACE HOTEL (Hotel)
- CBI (Wood procesing)
- BOPLAC (Wood processing)
- SOCOMAB (Wood processing)
- INC (Printing)
- SOCICO (Cement)
To be liquidated
- BNDC -
Banque Nationale de Développement du Congo (Bank)
- Banque Commerciale Congolaise
(Bank)
- CSPPA - Caisse de stabilisation des prix
- STPN - Société des Transports Ponténégrins (Transport)
- SOCOTRA - Société Congolaise de Transit (Transport)
- CHACONA - Chantiers de
Constructions Navales (Building, public work)
- OCER - Office Congolais d'Entretien Routier (Public work)
- OCF - Office Congolais des Forêts (Wood industry)
- OCB - Office Congolais de Bois (Wood industry)
- SIBOM - Société Industrielle de Bois de Mossedjo (Wood processing)
-
SIACIC - Silos à
Ciment du Congo (Cement)
- SONAVI - Société
Nationale d'Aviculture (Agriculture)
- OCV - Office Cultures Vivrières (Agriculture)
- SAPM - Société Agro-pastorale de Madingou
- SOCALIA - Société Congolaise Arabe Lybienne – (Agriculture)
- SOCAVILOU - Société Avicole de Louviti (aviculture)
- STAFRUIT - Station Fruitière de Loudima (Agriculture)
- Ferme Kombe (agriculture)
- Ferme porcine de Dolisie
- Ferme porcine d’Owando
- OCC (Coffee and cacao)
- OGB - Office du Gros Bétail
- ONIVEG - Office National d'Importation & Vente de Viande
en Gros
- Ferme de Manioc Makoua
(Agriculture)
- OCT - Office Congolais des Tabacs
(Tobacco)
- FPBI - Ferme Piscicole Industrielle (Fishery)
- COPEMAR - Congolaise de pêche
maritime (Fishery)
- SAGAP - Société Anonyme d'Armement et de Gestion de Pêche
(Fishery, equipment)
-
SOCOREM - Sté
Congolaise Recherche et Exploitation (Prospection of minerals)
- UTS - Usine de Textiles Synthétiques (Textile)
- SOPROGI - Sté de Promotion et de Gestion Immobilière (real
estate)
- SEP - Société d'étude et de
développement rural (Research, Consulting)
- ONACI -
Office National du Cinéma (Cinema)
- OCMC (Building Equipment)
- SNIAD (Music industry)
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