SEVEN Fund Awards Grant to Dr. Dambisa Moyo
September 1, 2009 – Cambridge, Massachusetts - The SEVEN Fund provided a mini-grant to support outreach by Dr. Dambisa Moyo, author of Dead Aid, on topics of entrepreneurship and enterprise solutions to poverty in Africa.
Dambisa Moyo was born and raised in Zambia, Southern Africa. 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 D.C.
She worked at Goldman Sachs for 8 years in the debt capital markets, hedge fund coverage and in global macroeconomics teams. Previously she worked at the World Bank in Washington D.C.. Dambisa is a member of the Boards of Lundin Petroleum and SAB Miller.
Dambisa is a Patron for Absolute Return for Kids (ARK), a hedge fund supported children’s charity. She serves on the Boards of the Lundin for Africa Foundation and Room to Read, an educational charity.
Dambisa argues for more innovative ways for Africa to finance development including trade with China, accessing the capital markets, and microfinance.
Dambisa 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. And 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.
Entrepreneurs create products, services and jobs. They expand economies, improve people's lives, provide employment (high and rising wages) and bring about competition. A competitive environment, in turn, gives rise to efficiency, meritocracy and further innovations and entrepreneurial drive.
The potent combination of entrepreneurship and technological innovation can forge an environment that is conducive to further enterprise, involving even government policy in supporting entrepreneurship and innovation.
