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Sudan-born telecoms tycoon Mo Ibrahim, founder of the Mo Ibrahim Foundation, speaks at the announcement of the 2012 Ibrahim Prize for achievement in African Leadership in London on Monday.
By NBC News staff

The Ibrahim Prize for good governance in Africa was not awarded for the third time in its six-year history, the BBC reported.

The $5 million award is meant to be given out annually to a democratically elected African leader who showed exceptional leadership, served only for a constitutionally-mandated term and left office during the last three years, according to the Mo Ibrahim Foundation.

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