Mo Ibrahim is a British-Sudanese mobile communications entrepreneur
and philanthropist who made billions from investing in Africa.
Mo Ibrahim launched the prize to encourage African leaders to leave power peacefully.
The prize was meant to be awarded annually but only three leaders have been deemed worthy of it since it was instituted, in 2007.
The inaugural prize was given to Joaquim Chissano, Mozambique's former president, who has since acted as a mediator in several African disputes.
The $5m prize is spread over 10 years and is followed by $200,000 a year for life.
Mo Ibrahim launched the prize to encourage African leaders to leave power peacefully.
The prize was meant to be awarded annually but only three leaders have been deemed worthy of it since it was instituted, in 2007.
The inaugural prize was given to Joaquim Chissano, Mozambique's former president, who has since acted as a mediator in several African disputes.
The $5m prize is spread over 10 years and is followed by $200,000 a year for life.
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