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LONDON (AP) - A Sudanese billionaire is putting up millions in prize money to promote good governance in Africa — and to encourage leaders on the world's poorest continent to step down once their democratic mandates have expired.
Judges of the Mo Ibrahim Prize for Achievement in African Leadership will rate 53 African countries each year on progress in economy, health, education and security.
Each leader awarded the prize will receive $5 million spread over 10 years after leaving office. If still alive when the initial prize is exhausted, prize-winners will receive another $200,000 annually until they die.
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