The outgoing Namibian President Hifikepunye Pohamba has won the most valuable award in Africa and the world, the Mo Ibrahim prize for African leadership.
Mr Pohamba, 79, was named recipient of the 2014 Ibrahim Prize for Achievement in African Leadership at a ceremony in Nairobi, Kenya.
The $5million prize has gone unclaimed for 4years due to the inability of African leaders to meet with the standards. This is the fourth time the price is being awarded since 2007.
According to BBC, Mr Pohamba, a former rebel who fought for his country's independence, has served two terms as Namibian president. He was first elected in 2004, and again in 2009. continue to see....
Salim Ahmed Salim, the chairman of the committee that awarded the prize, said that under Mr Pohamba, Namibia had cemented its reputation as "a well-governed, stable and inclusive democracy with strong media freedom and respect for human rights".
ABOUT THE MO IBRAHIM PRIZE
Mo Ibrahim is a British-Sudanese mobile communications entrepreneur and philanthropist who made billions from investing in Africa.
He 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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