AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

man23ANTANANARIVO: Madagascar strongman Andry Rajoelina said on Tuesday that he will not run in crunch presidential elections in May, a decision that could help end a political crisis that erupted when he seized power in 2009.

 

"I will not be a candidate at the elections, I will sacrifice myself for the sake of the 20 million Malagasy," he said in a prime-time television address to the nation.

 

Rajoelina had been under fierce international pressure not to run in the polls, as a way to end an almost four-year crisis that has led to a range of sanctions that have crippled the economy.

 

"I will manage the transition until the end and I am ready to make a democratic transition. I wish all the best to whomever will replace me," he said.

 

The man Rajoelina ousted in a military-backed coup in 2009, former president Marc Ravalomanana, has already heeded calls not to run in the elections.

 

He remains in exile in South Africa.

 

The dual announcements mean the first round of elections on May 8 will open a new chapter in Madagascar's coup-prone politics.

 

Rajoelina and Ravalomanana have dominated the political scene for the last decade, their rivalry defining the island nation's tumultuous politics.

 

The Southern Africa Development Community, a 15-nation regional bloc that has been mediating in the crisis, had pressed for just such a "neither, nor" solution as a means of ending the gridlock.

 

Copyright AFP (Agence France-Presse), 2013

Comments

Comments are closed.