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Island state was the second African nation to "graduate" from the ranks of the world's least developed countries.
Ex-president is first to get Mo Ibrahim award for African governance, the world's biggest individual prize, since 2008.
Former president of Cape Verde recognised for his "democratic credentials" and leadership of African nation.
Africa governance award judges fail to find suitable candidate for second year in row.
Former president receives $5m Mo Ibrahim prize for "good governance" in Africa.

Botswana President Festus Mogae's ruling party is expected to

United States President George W. Bush on Thursday vowed to help Botswana and all of Africa combat AIDS, describing it as the continent's "deadliest enemy."

Featured on Al Jazeera
Al Jazeera's exclusive publishing of a key Guantanamo prison military document lays bare the brutality of force-feeding.
Former military official says poverty and anger in indigenous communities mean conditions for an "insurgency" are ripe.
A four-part series that gives a rare insight into the country on the move, with history in tow.
Series on the Palestinian 'catastrophe' of 1948 that led to dispossession and conflict that still endures.
Featured
Lebanon-based militia is assisting villagers caught up in the conflict, and reportedly fighting alongside Assad forces.
Two years since the start of the uprising, rebels and Assad's forces remain locked in conflict.
Copper-rich Mes Aynak is home to ruins of ancient villages, but threatened by a planned Chinese mining project.
A four-part series that gives a rare insight into the country on the move, with history in tow.
Extensive coverage of war crimes tribunals and controversial calls for blasphemy laws.
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