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The Billionaire Who's Squandering His Wealth On African Leaders |
The
Mo Ibrahim Foundation has announced that it could not find a winner for its
US$5 million prize for good governance in Africa. The selection panel said no
candidate had met all of the criteria, as was the case in 2009 and 2010.
The
foundation has set high and commendable standards for performance, which
African leaders should aspire to achieve as the continent works to strengthen
other democratic institutions. Two decades ago Africa’s leadership was
dominated by autocrats, many of whom had risen to power through military coups.
But
it appears that the road to democracy is being bridged by a rising technocracy.
