Gunfire Erupts at Army Camp in Ivorian Commercial Capital
- Explosions heard as armed forces try to quash mutiny
- Ivory Coast’s Eurobond yields rise, cocoa prices jump
Mutinous soldiers patrol in the streets of Bouake, Ivory Coast, on May 14, 2017.
Photographer: Issouf Sanogo/AFP via Getty ImagesThis article is for subscribers only.
Gunfire erupted at a key military camp in Ivory Coast’s commercial capital, Abidjan, and its second-biggest city of Bouake as a rebellion over unpaid bonuses entered a fourth day. The West African nation, which wants to issue a Eurobond next month, saw yields on its existing securities jump.
Several explosions and sporadic shooting rocked Bouake, a transit hub that links Ivory Coast to its landlocked northern neighbors, from about 2:00 a.m., resident Siriki Koné said by phone Monday. In Abidjan, gunfire began at about 5:40 a.m. near the military barracks in Akouedo, according to Joseph Kouadio, who lives in the area.