Jada Pinkett and Will Smith
09/28/2009 at 10:00 PM EDT
and Jada Pinkett Smith will co-host the 16th annual Nobel Peace Prize Concert on Dec. 11 in Oslo, Norway, PEOPLE has learned.
The Norwegian Nobel Committee, whose Peace Prize is given annually to the person or group whose work best promotes global peace, has also announced that Wyclef Jean, Toby Keith and Donna Summer will be among the featured performers at the concert. More names will be added in the coming weeks.
Geir Lundestad, secretary of the Norwegian Nobel Committee, said of the Smiths, "Together they've had a global impact on the arts and philanthropy and will be excellent ambassadors for peace."
The couple said in a statement, "The opportunity to recognize the laureate's contributions to the world peace movement will be an awe-inspiring experience. We are both humbled and honored to take part in the Nobel Peace Prize Concert this year, and look forward to sharing the historic evening with artists and humanitarians from across the globe."
and Michael Caine hosted last year's concert
in honor of former Finnish president Martti Ahtisaari. Past Nobel Peace Prize honorees include Mother Teresa, Al Gore and the organization Doctors Without Frontiers.
The 2009 laureate will be announced on Oct. 9. For more information, go to NobelPeacePrize.org