Mohamed Ibrahim “more commonly known as Mo Ibrahim”is a Sudanese-born entrepreneur, currently based in the UK. He became successful as a businessman in the telecommunications industry, founding one of Africa’s biggest cellular phone companies, Celtel. He has recently come to prominence for his idea of the Ibrahim Prize for Achievement in African Leadership, which awards the recipient a $5 million initial payment, plus $200,000 a year for life. The prize was conceived as a way to curb corruption by African leaders, who often resort to corruption to obtain financial security when they leave office, and to promote good governance. The prize is believed to be the world’s largest, surpassing the $1.3 million Nobel Peace Prize.
Source of Influence: Business
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