Ivory Coast court validates referendum on new constitution
- Wall Street again marks new highs in post-election run
- Broadcom Ltd. (AVGO) Tops Q4 EPS by 11c
- Restoration Hardware (RH) Tops Q3 EPS by 4c; Guides Well Below the Street
- Unusual 11 Mid-Day Movers 12/8: (COOL) (TLRD) (DRAM) Higher; (SHIP) (OHRP) (MLSS) Lower
- After-Hours Stock Movers 12/08: (FNSR) (AVGO) (GLPG) Higher; (XTLY) (RH) (DLTH) Lower (more...)
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
ABIDJAN (Reuters) - Ivory Coast's top court on Friday validated the results of a referendum backing a new constitution that President Alassane Ouattara says will help the country turn the page after a decade of political turmoil.
"The constitutional project is adopted," said Mamadou Kone, president of the constitutional court. He rejected a request to annul the referendum from several political parties who boycotted the vote, including that of former president Laurent Gbagbo.
An overwhelming majority of voters in Sunday's vote supported the constitution, which institutes a new post of vice president among other changes. Turnout was around 42 percent.
The issue of the constitution, drafted under military rule after a 1999 coup, was at the heart of Ivory Coast's upheaval.
Its most controversial clause said that both parents of presidential candidates must be natural-born Ivorians, a swipe at northerners, many of whom, like Ouattara, have family ties that straddle the borders with Burkina Faso and Mali.
The new constitution scraps that provision, which was used to disqualify Ouattara from an election in 2000, and now only one parent must be Ivorian.
Ivory Coast, the world's top producer of cocoa, has become one of Africa's rising economic stars since 2011 when a civil war ended.
(Reporting by Loucoumane Coulibaly; Editing by Matthew Mpoke Bigg/Mark Heinrich)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Japan doubles Fukushima disaster-related cost to $188 billion
- Arkansas Supreme Court blocks birth certificates for same-sex couples
- Zimmer Biomet to settle bribery charges with U.S. prosecutors: filing