Somalia's current President Hassan Sheikh Mohamud has conceded defeat. He's conceded to former Prime Minister Mohamed Abdullahi Farmajo. Members of Parliament have been voting Wednesday for a new president. The election has been taking place at an aircraft hanger at the Mogadishu International Airport.Traffic has been banned in the city and the airport shut down due to security concerns. Al-Shabaab militants had previously threatened to disrupt the voting process. Suspected militants fired mortar rounds near the voting venue on Tuesday night. About 20 candidates are vying to become president, with the top three proceeding to a second round of voting and the top two from that round going forward to a third and final vote.