The Mo Ibrahim Prize for Achievement in African Leadership is an award established in 2007 to recognize and celebrate exceptional leadership in Africa. It is named after Mo Ibrahim, a Sudanese-British businessman and philanthropist. The prize is awarded annually to a former African head of state or government who has demonstrated outstanding leadership and governance, promoting democracy and development. The prize includes a monetary award of $5 million, paid over ten years, along with a lifelong annual stipend of $200,000. The award aims to encourage good governance and inspire future leaders across the continent, highlighting the importance of effective leadership in achieving sustainable development in Africa.