October 23, 2007

The Mo Ibrahim Prize

The Mo Ibrahim Prize has been presented to former Mozambican president Joaquim Chissano for the excellence of his leadership. Excellent prize and Mo Ibrahim is to be applauded for rewarding good governance in the face of massive challenges with his own money. A lot of leaders hold onto power or embezzle money to accumulate a nest egg because they fear for their security when they retire as they inevitably make enemies in their reign (usually from those in opposition). I am not condoning this but to have this prize as an additional encouragement is a good thing and will help to break the cycle of corruption.

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