(CNN) — Sudanese billionaire and communications mogul Mo Ibrahim has issued a warning to African leaders clinging to power, saying people are no longer prepared to put up with bad governance on the continent.
Ibrahim says the face of Africa has changed and the Arab Spring has shown the world that the younger generation are not afraid to demand change.
“There’s a lot of African people who are educated and well informed and that’s a better generation than ours and those people wont take nonsense,” he said.
“These are the people that went out in Tahrir Square, Tunis and Libya and bred havoc,” he added.
The businessman’s remarks come as his foundation awards its annual prize for good governance and leadership in Africa.
It has been two years since the Mo Ibrahim Foundation has awarded the accolade, which goes to candidates based on their “exercise of leadership and the performance of their country during their time in office,” according to the Mo Ibrahim Foundation website.
The committee, made up of former leaders and Nobel Prize winners, said that there had been no worthy candidates in the previous two years.
“They have a strict criteria, this is not a pension, this is a prize for excellence in leadership, it’s not easy,” said Ibrahim.
Former Cape Verde President, Pedro Verona Pires, who stepped down in August after 10 years in power, was recognized this year. Read More on CNN