JOHANNESBURG—A $5 million prize for good African governance was awarded Monday to the former president of Cape Verde, cited for turning his small island nation into a model of democracy, stability and prosperity.
In an announcement made in London and broadcast across Africa, the Mo Ibrahim prize committee said that during his 10 years in power, Pedro Verona Pires helped lead the nation of 200,000 off West Africa's coast out of poverty and won recognition for his human-rights record.
Last year and the year before, the Mo Ibrahim Foundation prize committee didn't award a prize, saying no leaders met the criteria for promoting development and democracy—and for handing over power peacefully.
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