Botswana is the world's biggest diamond producer but unlike other resource rich countries in Africa, this has not become a source of conflict.
Kofi Annan added, "Botswana demonstrates how a country with natural resources can promote sustainable development with good governance, in a continent where too often mineral wealth has become a curse".
As well as the $5m prize, Mr Mogae gets $200,000 a year for the rest of his life.
So if you fancy checking more of Botswana's natural resources then come join our Southern Africa Quest for Mokoro safari's and Big Game Spotting!
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