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Sunday, 29 June 2014
BLACK SOCIAL HISTORY : AFRO-BRITISH "" Dr MOHAMED "MO" IBRAHIM " IS A MOBILE COMMUNICATIONS ENTREPRENEUR AND BILLIONAIRE : GOES INTO THE " HALL OF BLACK GENIUS "
BLACK SOCIAL HISTORY Dr Mohamed "Mo" Ibrahim (Arabic: محمد إبراهيم; born 1946) is a Sudanese-British mobile communications entrepreneur and billionaire. He worked for several other telecommunications companies before founding Celtel, which when sold had over 24 million mobile phone subscribers in 14 African countries. After selling Celtel in 2005 for $3.4 billion, he set up the Mo Ibrahim Foundation to encourage better governance in Africa, as well as creating the Mo Ibrahim Index, to evaluate nations' performance. He is also a member of the Africa Regional Advisory Board of London Business School.
In 2007 he initiated the Mo Ibrahim Prize for Achievement in African Leadership, which awards a $5 million initial payment, and a $200,000 annual payment for life to African heads of state who deliver security, health, education and economic development to their constituents and democratically transfer power to their successors. Dr Ibrahim has pledged to give at least half of his wealth to charity by joining the The Giving Pledge.
Born in Sudan, Ibrahim earned a Bachelor of Science from the University of Alexandria in Electrical Engineering. He started working in England and earned a master's degree from the University of Bradford in Electronics and Electrical Engineering, and a Ph.D from the University of Birmingham in Mobile Communications.
In 2007 Ibrahim was awarded an Honorary Doctorate in Economics by the University of London's School of Oriental and African Studies, and in 2011 an Honorary Doctor of Laws Degree from the University of Pennsylvania.
A respected international philanthropist, Mo Ibrahim is credited with 'transforming a continent' and is thought to be the: 'most powerful black man in Britain'.
Ibrahim was employed by British Telecom for a time, and later worked as the technical director for Cellnet, a subsidiary of British Telecom.
During the early 1980's Ibrahim taught undergraduate telecommunication courses at Thames Polytechnic later to become University of Greenwich.
In 1989 he founded MSI, a consultancy and software company, which in 2000 was bought by the Marconi Company. MSI had 800 employees, who owned approximately 30% of the stock at the point of its sale; Ibrahim says he gave employees stock as a form of bonus.
In 1998, MSI spun off MSI-Cellular Investments, later renamed Celtel, as a mobile phone operator in Africa.
According to the Forbes 2011 Billionaire List, Mo Ibrahim is worth $1.8 billion, making him the 692nd richest person in the world. Mo Ibrahim was also selected for the TIME "Top 100" list in 2008.
Since 2010, Ibrahim has lent his support to the Broadband Commission for Digital Development, a UN initiative which aims to spread the full benefits of broadband services to unconnected peoples.
In 2006 Ibrahim created the Mo Ibrahim Foundation, founded in London. In 2007, the Foundation inaugurated the Mo Ibrahim Prize for Achievement in African Leadership, with the first recipient former president Joaquim Chissano of Mozambique.
The Foundation publishes the Ibrahim Index of African Governance, ranking the performance of all 53 African countries. Until 2009, the Index took into account only the 48 countries in Sub-Saharan Africa.