Wednesday, October 22, 2008

Telecoms billionaire honours Botswana ex-president with $5 million

Festus Mogae, the former president of Botswana has been honoured with a $5 million prize for good governance in Africa by Sudanese-born telecoms billionare Mo Ibrahim.
Mogae, who led Botswana from 1998 to 2008, got the recognition today as the winner of the 2008 Ibrahim Prize for Achievement in African Leadership.

It is the largest annually awarded prize in the world. Mogae will receive $5 million over 10 years and $200,000 annually for life thereafter.

The Mo Ibrahim Foundation will consider granting $200,000 more annually for 10 years to causes Mogae supports.

The foundation was created by Mo Ibrahim, a Sudanese-born billionaire who founded the African telecommunications company Celtel International.

Mogae has been praised for his leadership on health and economic issues.

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