Mo Ibrahim Foundation declares no winner of Ibrahim Prize for Achievement in African Leadership
The Mo Ibrahim Foundation today announced that there is no winner of the 2016 Ibrahim Prize for Achievement in African Leadership.
The announcement was made following a meeting of the independent Prize Committee, chaired by Dr. Salim Ahmed Salim, and the Mo Ibrahim Foundation’s Board meeting last week-end.
Commenting on the decision of the Prize Committee, Dr. Salim said: “As I emphasise each year, a very high bar was deliberately set when the Prize was launched in 2006. We recognise and applaud the important contributions that many African leaders have made to change their countries for the better. But the Prize is intended to highlight and celebrate truly exceptional leadership, which is uncommon by its very definition. After careful consideration, the Committee has decided not to award the Prize in 2016.”
The candidates for the Ibrahim Prize are all former African executive Heads of State or Government who have left their office during the last three calendar years (2014-2016), having been democratically elected and served their constitutionally mandated term.
Since being launched in 2006, the Ibrahim Prize has been awarded four times. The previous laureates are President Hifikepunye Pohamba of Namibia (2014), President Pedro Pires of Cabo Verde (2011), President Festus Mogae of Botswana (2008), and President Joaquim Chissano of Mozambique (2007). Nelson Mandela was the inaugural Honorary Laureate in 2007.
The Foundation looks forward to hosting its flagship event, the Ibrahim Governance Weekend, in Marrakech, Morocco from 7 to 9 April 2017. The event will open on the Friday evening with a high-profile discussion titled “A Conversation on Leadership”, looking at the challenges of global leadership in the 21st century.
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.