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Moyo?s Dead Aid is New York Times Best Seller

DAMBISA Moyo’s book, Dead Aid, which has had the world’s leading media houses waxing lyrical, is now on the New York Times Best Seller list, widely considered to be the pre-eminent list of best-selling books in the United States.

The provocative yet compelling book has been making headlines internationally and has been a subject of reviews in some of the most respected publications in the world, making Bono and Bob Geldoff appear like they have picnicking all along at a kids park all along.

Moyo, who is the older sister of author, singer and UN MDG’s Goodwill Ambassador Marsha Moyo, was born and raised in Zambia. She completed a PhD in Economics at Oxford University and holds a Masters from Harvard University.

She completed a Bachelors degree in Chemistry and MBA in Finance at the American University in Washington DC.

Later, she worked at Goldman Sachs for eight years in the debt capital markets, hedge fund coverage and in global macroeconomics teams. Previously she worked at the World Bank in Washington DC.

Recently, she was nominated to the board of Lundin Petroleum – a global independent oil and gas exploration and production company.

She is also a member of Cambridge University’s Centre for International Business and Management (CIBAM), and the Royal Institute of International Affairs (Chatham House).

Moyo is also a patron for Absolute Return for Kids (ARK), a hedge fund supported children’s charity, and serves on the Board of the Lundin for Africa Foundation, which pledged US$100 million towards microfinance initiatives.

In her book, she argues for more innovative ways for Africa to finance development including trade with China, accessing the capital markets, and microfinance.

Moyo, a daughter of career banker and an academician, has also been offered a contract for another book, entitled How the West Was Lost, scheduled for publication with Penguin and Farrar, Straus & Giroux in 2010.

This book examines the policy errors made in the US and other Western economies which culminated in the 2008 financial crisis.

She discusses why financial and economic experts missed the signs of the credit crunch.

It also explores the policy decisions that have placed the emerging world – China, Russia and the Middle East, in pole position to become the dominant economic players in the 21st century.

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