Do More With Reuters
Partner Services

UPDATE 1-Madagascar rivals agree power-sharing deal

Sat Nov 7, 2009 4:57pm IST
 
Email | Print | | Single Page
[-] Text [+]

* Rajoelina remains president, with two co-presidents

* Cabinet posts to be allocated at a later date

* Analysts see feuds within government

(Adds signing, analyst, Ravalomanana)

By Alain Iloniaina

ADDIS ABABA, Nov 7 (Reuters) - Madagascar's political rivals struck a deal late Friday on the make-up of a unity government, paving the way for an end to a 10-month political crisis that has rocked the Indian Ocean island.

The agreement sees coup-instigator Andry Rajoelina remain president, accompanied by two new co-presidents after former leader Marc Ravalomanana refused any accord which saw his successor retain sole leadership of the oil and mineral-endowed country.

"There will be two co-presidents as well as the president. That has been decided and accepted by leaders of the four movements, and by the president of the transition too," Rajoelina told reporters shortly before midnight in Ethiopia's capital Addis Ababa.  Continued...

Photo
India Investment Summit 2009

Top executives and bankers will discuss their own plans and the broader opportunities and challenges for India during the Reuters India Investment Summit in Mumbai and Bangalore.  Blog | Full Coverage 

Hugh Hefner
PLAYBOY SALE
An icon bows to changing times

With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SPECIAL REPORT

Himangshu Watts
India's food dilemma

Indian farms are failing to attract capital or talent, either from rich landlords or the students who graduate from agricultural universities.  Full Article | Related Story 

showcase

U.S. Recession
U.S. Recession

A trip through the epicenters of the American recession.  Full Coverage 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
T P Raman
Column - RBI leads the world

Reserve Bank of India's approach ring-fenced the banking system.   Full Article 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Not Enough Jobs
Not Enough Jobs

Venture capital creates jobs, but not enough.  Full Article 

 
Column - A Sweet Dream
Column - A Sweet Dream

There are good reasons for Ferrero to consider a combination with Cadbury.  Full Article