Saturday, November 11, 2006

The Mo Ibrahim prize

The Mo Ibrahim Prize for Achievement in African Leadership recognises former executive Heads of State or Government in sub-Saharan Africa who have dedicated their constitutional tenure of office to surmounting the development challenges of their country, improving the welfare of their people and consolidating the foundations for sustainable development.

The prize will consist of US$5 million dollars over 10 years and US$200,000 annually for life thereafter. There will be a further $200,000 a year made available for good causes espoused by the leader. (read more)