Author Topic: Africa: Big Prize for Good Governance  (Read 2535 times)

fern hill

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Africa: Big Prize for Good Governance
« on: October 27, 2006, 07:37:09 AM »
Clever or cynical? Or both? The prize will be given to African leaders who provide good governance and then democratically transfer power.

Prize offered to Africa's leaders
A $5m prize for Africa's most effective head of state is being launched by one of the continent's top businessmen.

UK-based mobile phone entrepreneur Mo Ibrahim - who was born in Egypt - is behind the plan to rate governance in 53 African countries each year.

The contest, launched in London, will award winning leaders $5m (£2.7m) over 10 years when they leave office, plus $200,000 (£107,000) a year for life.

"We need to remove corruption and improve governance," Mr Ibrahim said.


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