Outgoing Namibian president Pohamba wins Mo Ibrahim’s $5m prize

Last year made it the fourth time in five years that the 8 year-old Ibrahim Prize for Achievement in African Leadership go without a leader selected as winner.

The $5m award – the world’s most valuable individual award – is given to an elected African head of state who ruled well, improved his people’s living standards and left office.

The 79-year old Pohamba was a former rebel leader who fought for Namibia’s independence and has now served his two terms as president. He is going to be succeeded by President-elect, Hage Geingob.

Pohamba was announced as winner of the prize at a ceremony held in Nairobi, Kenya.

As winner, he will be entitled to the $5m prize spread over 10 years, followed by $200,000 a year for life.

Source: BBC