The Mo Ibrahim Foundation was established in 2006 with a focus on the critical importance of leadership and governance in Africa. By providing tools to support advancements in leadership and governance, the Foundation aims to bring about meaningful change on the continent. Established next year, it’s generous award, the Ibrahim Prize, celebrates excellence in African leadership. It is awarded to a former Executive Head of State or Government by an independent Prize Committee composed of eminent figures, including two Nobel Laureates. It’s target is to celebrate African leaders who have developed their countries, lifted people out of poverty and paved the way for sustainable and equitable prosperity. Previous Ibrahim Laureates include President Joaquim Chissano of Mozambique (2007), President Festus Mogae of Botswana (2008), President Pedro Pires of Cape Verde (2011). The Laureates are supposed to provide role models for the continent. The Prize Committee may choose not to award the Prize, and that was surprisingly the case in 2009, 2010 and 2012.