Africa governance prize finds no winners: Mo Ibrahim, the Sudanese telecoms magnate, will not award his $5m African leadership prize this year, a decision seen as a rebuke to the former presidents of Nigeria, South Africa and Ghana, among others.
The prize, now in its third year, is given to heads of state who rule wisely and hand over power to elected successors.
Mr Ibrahim launched the award, along with a related index on African governance, after concluding that poor governance was the biggest impediment to Africa’s development, and deciding to devote the fortune he made selling Celtel, his telecoms company, to the promotion of leadership.
He intended the prize, which he has no say over, would stir debate on governance. This year it has, on cue. Continue reading.