After his presidency, Festus Mogae received the Ibrahim Prize for Achievement in African Leadership in 2008, which included a $5 million award over 10 years and a $200,000 annual lifetime stipend. The Ibrahim Prize is awarded to former African executive heads of state or government whom the prize committee deems to have met the following criteria: have left office in the past three years, were democratically elected, served their constitutionally mandated term, and demonstrated exceptional leadership. The Ibrahim Prize is not awarded in years in which the prize committee deems that no candidate meets the prize’s standards.
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