Skip to content
October 28, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • International News
  • Peace returns to Ivory Coast as mutineers accept bonus payment deal
  • International News

Peace returns to Ivory Coast as mutineers accept bonus payment deal

Admin May 16, 2017

The leaders of a nationwide military mutiny in Ivory Coast have accepted a government proposal on bonus payments and agreed to return to barracks, ending their revolt, two spokesmen for the soldiers told Reuters on Tuesday.

Neither Ivory Coast’s defense minister nor government spokesman was immediately available to confirm details of the agreement, but a Reuters witness said the soldiers in Bouake, the epicenter of the uprising and Ivory Coast’s second largest city, had withdrawn into their bases.

Some mutineers had received their bonuses under the agreement, Sergeant Seydou Kone, one of the revolt’s spokesmen said.

Cocoa exporters at the port of Abidjan resumed business after a one-day closure, and banks also re-opened.

The renegade soldiers, who have paralyzed cities and towns across the country since Friday, rejected an earlier deal announced by Defence Minister Alain-Richard Donwahi late on Monday.

Leaders of the uprising, however, said the agreement had been amended overnight.

“We accept the government’s proposal … We are returning to barracks now,” Kone said, speaking in Bouake.

According to spokesmen, the proposal accepted by the soldiers means 8,400 mutineers – mostly former rebel fighters who helped President Alassane Ouattara to power – will receive an immediate bonus payment of 5 million CFA francs ($8,400). Another 2 million CFA francs will then be paid at the end of next month.

“We’ve just handed back control of the entrances to the city (Bouake) to the police and gendarmes this morning, and we’re returning to our barracks,” another spokesman for the group said, asking simply to be names Sergeant Cisse.

“There’s no one on the streets. It’s finished. They are all in the barracks. There hasn’t been a single shot fired since 8 a.m.,” a Reuters witness in Bouake said.

Ivory Coast is one of the world’s fastest growing economies following a decade-long political crisis ended by a 2011 civil war. But deep divisions persist, particularly in a military assembled from former rebel and loyalist combatants.

The soldiers received 5 million CFA francs ($8,400) each in order to end an earlier revolt in January. But the government has struggled to pay remaining bonuses of 7 million CFA francs, after the collapse in world prices for cocoa, Ivory Coast’s main export, squeezed finances.

This most recent uprising erupted after a delegation representing the 8,400 troops announced it had dropped the demand for further bonuses, angering others members of the group, who said they had not been consulted.

Residents in towns across the country affected by the mutiny said that calm had largely returned on Tuesday morning.

Scattered gunfire was reported overnight in the commercial capital Abidjan and the western port city of San Pedro but had petered out by dawn. Many schools in Abidjan remained closed and the African Development Bank [AFDB.UL] told employees to remain home, workers said.

While the situation was calm in San Pedro, a cocoa exporter and an official from the cocoa marketing board, the CCC, said businesses remained closed. The port is an important point of export for beans harvested in the western cocoa heartland.

“I’m in the office but there’s nothing to do. The port is closed since yesterday and we don’t have clear information on the situation,” the CCC official said.

Cocoa futures in London and New York, which hit multi-week highs on Monday, began to dip on Tuesday on news of the end of the mutiny.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous CBN, FIRS among 34 agencies 8 months late in submission of 2017 budget; Senate threatens penalty
Next How to beat WannaCry Ransomware virus, by Signal Alliance

Related Stories

West ​‌‌‌⁠‍‍⁠⁠‍‌‌‌⁠‍​‍​‌​African regulators seek unified fuel standards Taliban
  • Business & Economy
  • International News

West ​‌‌‌⁠‍‍⁠⁠‍‌‌‌⁠‍​‍​‌​African regulators seek unified fuel standards

October 26, 2026
Ebola scientists to probe Nigeria case origin, Africa CDC says lives and livelihoods
  • International News

Ebola scientists to probe Nigeria case origin, Africa CDC says

October 26, 2026
AFRICA-FX-Nigerian and Ugandan currencies under pressure, others stable
  • International News

AFRICA-FX-Nigerian and Ugandan currencies under pressure, others stable

October 23, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

E-Waste Dialogue 2026: NCC, NLNG Drum Support for ITREALMS Multi-Stakeholder Forum
  • National News

E-Waste Dialogue 2026: NCC, NLNG Drum Support for ITREALMS Multi-Stakeholder Forum

October 28, 2026
Lavrov Clears Moscow of Involvement in Nigeria’s 2024 Protest Flag Incident
  • National News

Lavrov Clears Moscow of Involvement in Nigeria’s 2024 Protest Flag Incident

October 27, 2026
Alleged religious incitement: Police detain 22-year-old undergraduate in Zamfara Police
  • metro

Alleged religious incitement: Police detain 22-year-old undergraduate in Zamfara

October 27, 2026
SEC, EFCC Crack Down on Fraudsters as 7 Ponzi Scheme Operators Sentenced to Jail in One Month Unclaimed
  • National News

SEC, EFCC Crack Down on Fraudsters as 7 Ponzi Scheme Operators Sentenced to Jail in One Month

October 27, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.