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Burkina: Parliament votes to withdraw the privatization of three companies, for strategic reasons

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Ouagadougou: The Transitional Legislative Assembly voted this Thursday, a law which withdraws from privatization the Bureau of Mines and Geology of Burkina (Bumigeb), the Burkinabè National Hydrocarbon Company (Sonabhy ) and the Motor Vehicle Control Center (CCVA), for strategic reasons.

This law, a government initiative, was adopted unanimously by 70 deputies in order to strengthen state control over ‘strategic sectors’ in a context of security and humanitarian crises, according to the report of the Parliamentary Commission in charge general, institutional affairs and human rights (CAGIDH).

It deprivatizes CCVA, 51% of which is privately held, and keeps Sonabhy and Bumigeb within the fold of public companies.

Source: Burkina Information Agency