Tuesday, December 9, 2008

Mo Ibrahim and his award

Mo Ibrahim, a Sudan native, who created and sold Celtel, a prosperous cell phone company. Mo Ibrahim is a very wealthy man, enough so that he set up the Mo Ibrahim Foundation. This foundation grants money yearly to former heads of state that were determined a good leader. So far Ibrahim has handed out two awards, each of which will receive half a million dollars a year, for the first 10 years, then 200,000 dollars every year after that until they die. In addition, they would receive funding for promotion of certain things like HIV/AIDs awareness, total 200,000 dollars year beginning the first year. The award is handed out yearly, based on an index created by a student of Harvard, by taking certain criteria into effect. That criteria is Safety and Security, Human Development, Sustainable Economic Development, Rule of Law, and Participation and Human Rights. Ibrahim is one of the 100 most important people in Africa.

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