Hong Kong Oct. 07 – The Mo Ibrahim Foundation will on Monday October 10 launch the fifth Index of African Governance and announce this year’s Ibrahim Prize for Achievement in African Leadership.
Zambia’s former head of state, Rupiah Banda, is rumored to receive this year’s Ibrahim Prize for Achievement in African Leadership, after he honorably ceded power to Michael Sata, then opposition leader who won last September’s presidential vote in the southern Africa country.
Banda has received widespread praise for conceding defeat and stepping down at the time when some African leaders were refusing to step aside for legitimately elected leaders.
This year’s event also marks the fifth anniversary of the Mo Ibrahim Foundation.
Established in 2007, the Ibrahim Index is the most comprehensive collection of qualitative and quantitative data that provides an annual assessment of governance performance in every African country.
The Ibrahim Prize is the largest individual award in the world – worth US$5 million over ten years and US$200 000 a year for life.
The Prize, conferred by an independent Prize Committee made up of global figures, is awarded to a former executive Head of State or Government for demonstrating excellence and exceptional leadership.
Related link from Africa News.