Côte d’Ivoire plans 39 billion CFA franc recapitalization for 11 state-owned companies amid structural imbalances

d’Ivoire is set to inject approximately 39.07 billion CFA francs ($64 million) to recapitalize 11 state-owned enterprises showing weakened financial positions, the government said following a cabinet meeting in Abidjan.

The decision comes despite generally strong overall performance in the public enterprise sector, which continues to post solid aggregate results. However, authorities acknowledged persistent structural weaknesses in several companies that could affect long-term stability.

According to the government statement, the 11 affected companies have equity levels falling below half of their registered share capital, triggering the need for financial restructuring. Of the total recapitalization package, 28.9 billion CFA francs will be borne by the State, in proportion to its ownership stakes.

The move highlights a dual reality within Côte d’Ivoire’s public sector: improving macro-level performance alongside internal financial fragilities in select entities.

While the broader state-owned sector continues to benefit from relatively strong revenue generation and operational results, officials stressed the importance of addressing these imbalances to safeguard sustainability and efficiency.

The recapitalization effort is part of ongoing reforms aimed at strengthening governance and financial discipline across public enterprises.

No timeline has yet been disclosed for the implementation of the recapitalization plan.