An African telcom billionaire is offering a $5 million prize to the African leader who best delivers security, health, education and economic development to his or her constituents. Harvard University will act as judge. You couldn’t make this up.
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 (ã107,000) a year for life.
“We need to remove corruption and improve governance,” Mr Ibrahim said.