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Guinea president annuls contract with French group


(Audio available further in this article)

CONAKRY, Guinea -- Guinea's president has annulled a major contract signed with a French company by a previous leader.

President Alpha Conde announced on state television late Tuesday that his government was terminating the 25-year contract with Getma International to operate Conakry's container terminal.

(To listen to this article, click on the player below)

{play}media/mp3/art1677.mp3{/play}

Conde says he's going to review all contracts that are "not beneficial" for the West African nation. But critics say it's a move to instead award those contracts to his allies.

The French company says it already has invested more than euro27 million ($37.6 million) in the project.

Guinea is the world's largest producer of bauxite, the raw material used to make aluminum.

Conde won a November vote to become Guinea's first democratically elected leader ever.

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