Coup: Army Takes Over in Burkina Faso.....

Burkina Faso’s army said it took power in the West African country after several days of protests demanding the removal of President Blaise Compaore, who vowed to stay on to oversee a transition. The army has dissolved all the country’s institutions, and plans to appoint a new head of state before restoring the constitution in 12 months, Colonel Aboubacar Ba told reporters late yesterday at army headquarters in the capital, Ouagadougou.

Compaore’s situation wasn’t immediately clear. The president, who’s held power since 1987, said in a televised address after the army statement that he’ll hand over to an elected successor after a “transition period.” He thanked the armed forces for “their professionalism and their sacrifice, which have prevented an irreparable catastrophe.”

SOURCE : BLOOMBERG NEWS