IVORY COAST OFFERING $26,000 BUY-OUTS TO REDUCE ARMY SIZE: DOCUMENTS

ABIDJAN, Ivory Coast will pay thousands of soldiers 15 million CFA francs ($25,782) each as part of buy-outs aimed at reducing the size of its unruly and mutiny-prone military, documents showed on Monday.

Africa’s fastest growing economy in 2016, Ivory Coast was hit earlier this year by successive uprisings by low-ranking troops.

The costly bonuses paid to end the unrest helped balloon the budget deficit this year, and the episode tarnished its image as one of the continent’s rising economic stars.

Source: NAM NEWS NETWORK

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