The Ibrahim Prize for Achievement in African Leadership is an award established in 2006 by Mo Ibrahim, a Sudanese-British businessman. It recognizes and celebrates exceptional leadership in Africa, specifically honoring former heads of state or government who have demonstrated good governance, democracy, and human rights during their time in office. The prize includes a monetary award of $5 million, paid over ten years, along with a $200,000 annual stipend for life. It aims to encourage effective leadership and promote the importance of good governance in Africa, ultimately contributing to the continent's development and stability.