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Vol 52 No 14

Published 8th July 2011


Guinea

Condé drives a hard bargain

Before parliamentary elections in November, the government is rewriting the mining code and reviewing contracts

Beyond the bonhomie and the stream of foreign dignitaries trooping to see President Alpha Condé in Conakry, evidence is emerging of grand corruption in public works and mining contracts under the previous, military regimes (AC Vol 52 No 8, Tough questions for Condé and George Soros offers some tips). How these cases are handled will affect both new investment and the jockeying in the lead up to November’s elections. Condé says he will renegotiate unfavourable contracts and take a hard line on malefactors, both political and corporate. His ministers say the government is committed to meeting the terms of the Extractive Industries Transparency Initiative and some companies fear they will be squeezed out.

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