A model for "democracy, stability and increased prosperity” in Africa.

Former Cape Verde President Pedro Verona Pires has been awarded this year’s $5m (£3.2m) Mo Ibrahim prize for good governance in Africa.

The prize committee said Mr Pires, who stepped down in August, had helped make the archipelago off the West African coast a “model of democracy, stability and increased prosperity”.

The prize is supposed to be awarded each year to a democratically elected leader who has voluntarily left office.

There has been no winner for two years. The committee said there had been no suitable candidate.

The $5m award, given over 10 years followed by $200,000 a year for life, is the world’s most valuable individual prize. The previous winners are Botswana’s President Festus Mogae and Mozambique’s Joaquim Chissano.

I posted perviously the governance ranking in Africa, and Cape Verde is at the top. 

Source (HT: @cblatts)