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Madagascar president 'to resign' Madagascar president 'to resign'
(20 minutes later)
Madagascar's President Marc Ravalomanana is to stand down and hand power to the military, sources in the president's office have told the BBC.Madagascar's President Marc Ravalomanana is to stand down and hand power to the military, sources in the president's office have told the BBC.
It comes hours after opposition leader Andry Rajoelina installed himself in the president's offices, seized on Monday by pro-opposition troops.It comes hours after opposition leader Andry Rajoelina installed himself in the president's offices, seized on Monday by pro-opposition troops.
Earlier, a number of government ministers quit, as power ebbed away from the president. Mr Ravalomanana has reportedly left the Iavoloha palace on the fringes of the capital for an undisclosed location.
The crisis on the Indian Ocean island has left 100 people dead since January.The crisis on the Indian Ocean island has left 100 people dead since January.
"Apparently the president is handing over to the military and is going to make a declaration," an aide said in a text to the BBC."Apparently the president is handing over to the military and is going to make a declaration," an aide said in a text to the BBC.
A spokesman for Mr Ravalomanana told Reuters news agency power had been handed to the most senior figure in the military, navy admiral Hyppolite Ramaroson.
"The order signed by Ravalomanana transfers the powers of the president and the prime minister to a military board," an unnamed diplomat told AFP news agency."The order signed by Ravalomanana transfers the powers of the president and the prime minister to a military board," an unnamed diplomat told AFP news agency.
The BBC's Jonah Fisher in the capital Antananarivo says that as the military backs Mr Rajoelina, power will effectively be handed over to the opposition leader.The BBC's Jonah Fisher in the capital Antananarivo says that as the military backs Mr Rajoelina, power will effectively be handed over to the opposition leader.
The move marked a dramatic victory for Mr Rajoelina, who was sacked as mayor of the capital in February. The move marks a dramatic victory for Mr Rajoelina, who was sacked as mayor of the capital in February.
The 34-year-old former disc jockey took up office at the presidential residence in central Antananarivo on Tuesday before emerging to triumphantly parade among thousands of supporters. The 34-year-old former disc jockey took up office at the presidential residence in central Antananarivo on Tuesday before emerging triumphantly to parade among thousands of supporters.
He has announced elections to be held within 24 months. He has announced there will be a new constitution and elections within 24 months.
Our correspondent says the mood on the streets is one of relief as there had been fears of a bloody last stand if Mr Ravalomanana had continued to cling to power.Our correspondent says the mood on the streets is one of relief as there had been fears of a bloody last stand if Mr Ravalomanana had continued to cling to power.
Mr Ravalomanana had earlier said he was ready to fight to the death at the Iavoloha palace, about 15km (nine miles) from the city centre. Earlier, a number of government ministers quit, as power ebbed away from the president.
Mr Ravalomanana had said he was ready to fight to the death at the Iavoloha palace, about 15km (nine miles) from the city centre.
On Monday, Mr Rajoelina, who has declared himself president, rejected Mr Ravalomanana's offer of a referendum to solve the crisis and called for his arrest.On Monday, Mr Rajoelina, who has declared himself president, rejected Mr Ravalomanana's offer of a referendum to solve the crisis and called for his arrest.
Later that day, troops stormed the presidential residence in the centre of the capital and also seized the central bank.Later that day, troops stormed the presidential residence in the centre of the capital and also seized the central bank.
Madagascar, with a population of about 20 million people, is one of the world's great sources of bio-diversity.Madagascar, with a population of about 20 million people, is one of the world's great sources of bio-diversity.
Most of its mammals, half its birds, and most of its plants exist nowhere else on earth.Most of its mammals, half its birds, and most of its plants exist nowhere else on earth.

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