Benin report - Institut Africain de la Gouvernance

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CHAPTER FIVE: CORPORATE GOVERNANCE__________________________________________________________________________serious difficulties which require that it be rehabilitated before privatisation in2009.616. Several privatisation procedures were used in Benin (leasing management,assets transfer, equity participation, etc.), but without clear technical ruleshaving been laid down in this regard. Benin‟s privatisation balance sheetshows mixed results. Although the state reaped a total of 33.6 billion CFAfranc (UNCTAD, 2005), the privatisations did not involve services deemedcritical to the public, and were sometimes marred by discriminatory and nontransparentpractices. This was the case with two buyers of the oil mills, whocriticised the national authorities for not complying with the concessionagreement signed on tax benefits and the supply of grains. The same applies toSONACOP whose privatisation seems – at least according to TransparencyInternational‟s report (2003) – to have been conducted under conditions ofvery little transparency.617. Finally, it should be noted that the law prohibiting privatisation in the strategicsectors has not been repealed and is still in force. The implementation of thecurrent privatisation timetable must, therefore, begin by repealing this law.618. Though delays have been recorded in the privatisation programme, and effortsstill have to be made to rehabilitate enterprises listed for privatisation and totake stock of their assets, the government has prepared a statement specifyingthe conditions for these privatisations and announcing a programme for thenext two years. It comprises:The transfer of the industrial equipment of SONAPRA not later than 30September 2007 55 . This transfer will involve cotton producers, the staff ofSONAPRA, and the Beninese or foreign public. The enterprise will,therefore, resume its initial activity, namely agricultural promotion.According to the GPRS (2007), the state plans to set up a private company,whose majority shares will be held by private operators, to take over theginning plants.The transfer of shares held by Benin in the cement company at Onigboloafter an evaluation of its assets before 31 March 2008. The transfer will bemade after the withdrawal of Nigeria, which has transferred its shares toprivate investors. It should be done through international competitivebidding and on the regional financial market.The opening of up to 51% of the capital of Benin Telecom SA to privateoperators before 30 June 2008. This will take place after the ongoingrestructuring of the enterprise and will be done through internationalcompetitive bidding on the BRVM.The opening of the share capital of Libercom to private operators.55 The transfer has effectively been made.214
CHAPTER FIVE: CORPORATE GOVERNANCE__________________________________________________________________________The rehabilitation of the SBEE, and the creation of a public corporationresponsible for carrying out investment and maintenance. It also applies toanother company for electricity power distribution, 51% of whose capitalwill be opened to the private sector on the BRVM through internationalcompetitive bidding to ensure the distribution of electricity.The concession of the Cotonou Port Authority through internationalcompetitive bidding before the end of the first quarter of 2008.The rehabilitation of the Common Benin-Niger Railway Organisation(Organisation Commune Bénin-Niger des Chemins de Fer).The restructuring of the Beninese Shipping Company (Société Béninoisedes Manutentions Portuaires – SOBEMAP), which will be transformedinto a semipublic company following an audit.619. It should be noted that there are also plans to finalise the privatisation of theOPT. Indeed, during the CRM, conflict broke out between the government andtwo private mobile telephone operators on the payment of royalties to thestate. Although the majority of the public (more than 80%, according to somesources) supported government‟s decision to reaffirm its authority andresponsibilities, the conflict impacted negatively on subscribers, especiallysince the two private mobile telephone operators control most of the market.The CRM hopes that a quick and fair solution will be found that will be in theinterests of the partners.iii.Recommendations of the APR Panel620. On this basis, the APR Panel would like to make the followingrecommendations:Undertake a quick reform of the tax system to make it „developmentoriented‟.This reform could focus on four main areas, namely: (i) asubstantial cut in the tax burden, beginning with the BIC; (ii) broadeningof the tax base following this reduction; (iii) computerising anddecentralising the tax services, including the introduction of a TaxIdentification Number (NIF); and (iv) a significant reduction of thenumerous taxes, dues and duties that make up Benin‟s tax system.Quickly adopt other laws relating to economic reforms that are stillpending before decision-making bodies, not only in order to accelerate theimplementation of the GPRS, but also to lay the foundation for building anemerging Benin.Revitalise the mechanisms of the National Employment Agency (ANPE)and, where necessary, other youth employment support institutions –including the Regional Solidarity Bank – with a view to improving theiroperating procedures for the benefit of young entrepreneurs.215
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Finally, the APR Panel would like t
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of democracy, tolerance and fair pl
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COUNTRY FACT SHEETLocation:West Afr
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SOME ECONOMIC AND FINANCIAL INDICAT
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Prospects for economic growth in me
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CSARCSRDCREDEPOLIPODFIDGIDDIVIDNMPE
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SONAPRASONEBSPTSTASTAGSTARSYSCOASYS
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EXECUTIVE SUMMARY__________________
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CHAPTER ONE: INTRODUCTION: THE APRM
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CHAPTER TWO: HISTORICAL CONTEXT AND
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CHAPTER THREE: DEMOCRACY AND POLITI
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CHAPTER FOUR: ECONOMIC GOVERNANCE A
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Page 184 and 185: CHAPTER FOUR: ECONOMIC GOVERNANCE A
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CHAPTER SIX: SOCIOECONOMIC DEVELOPM
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CHAPTER SEVEN: CROSSCUTTING ISSUES_
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CHAPTER EIGHT: GENERAL CONCLUSIONS:
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CHAPTER EIGHT: GENERAL CONCLUSIONS:
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APPENDIX I: PROGRAMME OF ACTION OF
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APPENDIX II: BENINESE GOVERNMENT CO
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APPENDIX III: REPORT ON THE PEER RE
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