Ivory Coast soldiers on Sunday ended a two-day mutiny in the second city Bouake and other key areas after reaching a deal on their demands for pay rises, housing and faster promotion.

President Alassane Ouattara called on his compatriots to "go back about their business" as normal after the deal was accepted by the military mutineers, who actions had paralysed Bouake.

The world's top cocoa producer was rocked by two days of unrest after soldiers seized control of Bouake's streets early Friday, firing rocket-launchers and terrifying residents, in a mutiny that spread to other cities including the economic capital Abidjan.

"There has been no firing since Saturday night," a local journalist in Bouake said on Sunday. "Traffic has resumed this morning and the shops have reopened."

One of the leaders of the mutiny in the west African country said he was "happy with the turn of events" after soldiers returned to their barracks.

"All we are asking is for the president to be attentive to the living conditions of soldiers," he said on condition of anonymity.

In Abidjan -- a bustling seaport that is home to the presidency and parliament -- national television reported that shots had been fired at the Akouedo barracks on Saturday.

The soldiers had also detained Defence Minister Alain Richard Donwahi for two hours, firing Kalashnikovs and heavy weapons around the home of a senior local official where Donwahi was meeting with soldiers' representatives.

"After the regrettable events of recent days, the situation is back under control and everyone should go back about their business," Ouattara tweeted Sunday.

On Sunday, Abidjan's central Plateau area where several government offices and leading businesses are located, was calm.

"Life is back to normal," a resident said.

The same was true for the northern city of Korhogo and Man in the west.

Ouattara announced on Saturday evening that an agreement had been reached.

In a brief televised address he said it took into account "the demands relating to bonuses and improving the living conditions of soldiers," without giving details of the accord.

- 'Many problems to resolve' -

Donwahi, who returned to Abidjan on Saturday night, said all bonus arrears would be paid.

"We are aware that there are many problems to resolve... I can assure you that we will keep our commitments but they too should keep theirs," he said.

Bouake, which is home to 1.5 million people, was the capital of a rebellion which erupted in 2002 in a failed attempt to oust then president Laurent Gbagbo.

Twelve years later, a similar dispute over pay by rebels-turned-soldiers erupted in Bouake which spread to Abidjan and briefly brought the country to a standstill.

The government then agreed to a deal that provided amnesty for the mutineers and a financial settlement.

A Bouake resident said on Sunday he had had enough.

"We no longer want this situation in Bouake," said teacher Adama Coulibaly. "We are tired of these actions of the soldiers."

Shopkeeper Adama Cisse warned: "If the shooting continues I think the population will revolt."

- Politically motivated? -

Some analysts said the mutiny could be a pressure tactic on Ouattara.

"One of the things to ascertain is whether there has been a political manipulation. We are waiting for the nomination of the vice president and the prime minister... are the former rebel leaders behind this?" one said.

"At present everybody is thinking about Guillaume Soro," the expert said, referring to one of the leaders of the 2002 rebellion which sliced the former French colony into the rebel-held north and the government-controlled south and triggered years of unrest.

Soro, who served as prime minister for five years until March 2012, is currently parliamentary speaker.

Rebel forces had then backed Ouattara, the current president who took office in April 2011 after a bloody post-electoral showdown with Gbagbo that left 3,000 people dead.

But some soldiers denied they had been manipulated, arguing that it was "a family matter".

"You can equip the army but if the men are not motivated it won't serve any purpose," said one, adding that Ouattara was the troops' "spiritual father".

A retired soldier said the problem was that senior officers earned disproportionately high salaries.