 It ranks all 48 sub-Saharan African countries according to quality of governance.In conjunction, Mo Ibrahim has created the Ibrahim Prize for Achievement in African Leadership, a prize larger in monetary value than the Nobel Prize and thought to be the largest monetary prize awarded worldwide at $5 million initial payment plus an additional $200,000 per year for the lifetime of the recipient.The results of the Index, which since 2009 has been compiled by African researchers and institutions, will help the Ibrahim Prize selection committee choose winners.