Tuesday, 23 December 2008

Guinea coup

Guinea's constitution has been suspended following the death of President Lansana Conte in a military coup. The self styled National Council for Democracy and Development claim they will put in place a government of national unity.

The military officers criticized the government’s inability to revise contracts with mining companies. Guinea is a big Bauxite producer. Guinea is a member of the West African Economic and Monetary Union (UEMOA) established in January 1994, and comprising eight West African countries (Benin, Burkina Faso, Côte d’Ivoire, Mali, Niger, Senegal, Togo, including Guinea) and capital markets are covered by the Regional Stock Exchange (BRVM) in Abidjan.

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