Burkina Faso's political parties agreed that the country's political transition should last a year, followed by elections in November 2015, a media report said on Thursday.

But the talks on Wednesday held in the capital, Ouagadougou, ended without the stakeholders coming to a decision as to who would head the transitional government, BBC reported.

The talks were also attended by civil society groups and tribal chiefs.

The presidents of Ghana, Nigeria and Senegal mediated the talks.

The military has been in charge since President Blaise Compaore was forced to quit last week amid mass protests.

The African Union (AU) on Monday gave the military two weeks to hand over power to a civilian ruler or face sanctions.

Isaac Zida -- the interim leader backed by the army -- later promised to comply with the deadline.

He was previously the second in command of the presidential guard.