The Mo Ibrahim Foundation says Africa's progress achieved over the last decade is under threat as overall governance in the continent stagnates.
The London-based Foundation said Africa was struggling to manage the "combined impacts of Covid-19, climate change, conflict and coups, as well as food and energy insecurity".
Its latest report indicates that African governance has flatlined since 2019 and economic opportunities are being undermined by widespread democratic backsliding.
“These are challenging times. More than ever, commitment to strengthening governance must be renewed, unless we lose all progress achieved,” said Mo Ibrahim, the founder of the foundation.
The foundation runs the world's most valuable individual prize for African ex-leaders to encourage good governance on the continent.
Mr Ibrahim, a Sudan-born telecoms entrepreneur, launched the prize in an attempt to encourage African leaders to leave power peacefully.
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