UPDATES:

*Times set in GMT
20.37: Hail the new Pope Francis I
20.37:Â Pope closes his first public address and exits the balcony
20.35: Pope ask for blessings from Catholic faithful
20.29: He spent his entire career in Argentina
20.25: Pope Francis I is 78-years old
20.24: Pope Francis I prays for former Pope Bendeict XVI
20.23: New Pope Francis I on the balcony now addressing the crowd.
20.21: New Pope takes the name Francis
20.20: His appointment came following five rounds of voting.
20.18: New Pope is the first from South America
20.15: The new Pope is Cardinal Jorge Mario Bergoglio from Argentina
20.12:Â Official announcement on the balcony that “We Have A Pope”
20.05: The lights leading to the balcony are on now, new Pope appearing soon.
20.00: New Pope to emerge any moment from now.
19.54: Thousands of Catholic faithfuls crowded at the Vatican City.
White smoke has emerged from the Sistine Chapel chimney signalling a new Pope has been chosen.
Meanwhile, the new Pope is being dressed to make his first appearance.
GlitzGhana will bring updates as this story devekops.