An agreement has been reached between the Ivory Coast government and a group of mutineers who demanded the pay of bonuses, officials said on Tuesday.
A four-day mutiny by soldiers ensued in Ivory Coast over bonus payments.
They were due to get the rest this month, but the government has struggled to make the payment with a budget hit by the collapse in the price of cocoa, Ivory Coast's main export.
The current round of trouble began late Thursday when a soldier presented as a spokesman for the former rebels said they wished to apologise to Ouattara for the January mutiny and were renouncing their demand for huge payouts.
Border posts closed, halting road traffic to Mali, Burkina Faso and Niger, while Ivory Coast's second biggest city, Bouake, was under the control of mutinous soldiers.
Defence Minister Alain-Richard Donwahi appeared on state TV on Monday night to announce a settlement had been reached but failed to elaborate on the details of the said agreement.
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But two spokesmen for the mutineers confirmed that the government's proposal had been rejected. "After what President Ouattara said yesterday we are satisfied, we have convinced our colleagues and we'll go back to our barracks", Sergeant Cisse, a spokesman for the mutineers, said.
The revolt over unpaid bonuses has paralyzed cities and towns across the West African nation.
"We have found a basis for agreement". Are we baptised without the baptised? No representative from Bouake was there on Monday for their "deal". "According to what is known, it was a meeting of high-ranking officers", a mutinous soldier, who asked to remain anonymous, is quoted as saying by Ouest France.
Donwahi said an investigation was also being launched into a secret weapons cache discovered at a private residence in Bouake. "We are returning to barracks now", Kone said, speaking in Bouake. The western port of San Pedro, which mainly ships cocoa beans, closed its gates as a safety measure even as operations inside its boundaries continued, the prefect of San Pedro, Ousmane Coulibaly, said by phone. "There was heavy shooting at the northern entrance to the city and in the city center".
A spokesperson for the mutineers denied rumours of clashes with government troops in Bouake and said the renegade soldiers were firing in the air to dissuade any government advance.
Several schools near the camp did not open and the Abidjan-based African Development Bank, which employs several thousand people, told its employees to stay at home.