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it is not an exaggeration that donor money that is being extended to third World countries, has created more employment, demand for goods and services in richer countries than in poorer countries, thus perpetuating underdevelopment in the latter. Donor aid has, in a plethora of ways, enriched the rich countries while dialectically impoverishing poor countries. the continuation of this scenario has resulted in a situation where poverty has been exacerbated among the poorer nations, while the wealthy nations are becoming richer. the theory is premised on resources being extracted from poorer countries to enrich wealthy nations. Dependency theory, which originated in the 1950s, has Singer and Prebisch as the progenitors – and emerged as a result of the growing dissatisfaction with modernity theories that had propounded that economic growth in developed countries was similarly going to lead to unabated growth and development in poorer countries. Donor aid has emerged as a nuanced form of dependency on western countries. Donor aid has emerged as a symbol of dependency, supporting the argument on the relevance of dependency theory. this article argues that dependency theory is still relevant and has flared in this current epoch. a number of scholars have heaped aspersions on the relevance of the dependency theory. Africans should grasp the many means and opportunities available to them for improving the quality of life.This article is a theoretical interrogation and appreciation of the relationship that hitherto exists between the dependency theory and donor aid. Her message is that 'Africa's time is now': It is time for Africans to assume full control over their economic and political destiny. “Dambisa Moyo makes a compelling case for a new approach in Africa. Previously, she was an economist at Goldman Sachs, where she worked for nearly a decade, and was a consultant to the World Bank in Washington. She is the author of the brilliantly argued Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa and How the West Was Lost: Fifty Years of Economic Folly and the Stark Choices Ahead.

Her latest book, Winner Take All: China’s Race for Resources and What It Means for the World, looks at how commodities markets influence much more than the global economy - and examines the possible consequences of China's unprecedented rush for commodities such as oil, minerals, water, and food, including the looming specter of commodity-driven conflict.

She has travelled to more than 60 countries over the past decade, studying the political, economic and financial workings of emerging economies, in particular the BRICs and the frontier economies in Asia, South America, Africa and the Middle East. Dambisa Moyo's work examines the interplay between rapidly developing countries, international business, and the global economy - while highlighting opportunities for investment.