NEW YORK (INPS | GIN) – Philanthropist Mo Ibrahim is finding it hard to reward a democratically elected African leader who serves his or her constitutionally mandated term (without last minute changes) and demonstrates exceptional leadership.
The five-million-dollar prize is just too small for such a commitment.
Money held by some of Africa’s richest leaders outsizes the modest reward by factors of 10 to 1000. Presidential wealth was the focus of a recent piece in the online magazine “African Spotlight” and the sums in their bank accounts were stratospheric.
To name a few of the wealthiest: Robert Mugabe (Zimbabwe) $10 million, Idris Deby (Chad) $50 million, King Mswati (Swaziland) $100 million, Paul Biya (Cameroon) $200 million, Uhuru Kenyatta (Kenya) $500 million, Teodoro Obiang (Equatorial Guinea) $600 million and Jose Eduardo dos Santos, (Angola) $20 billion.