DeniAfrica

Direct Expatriate Nationals Investment

Diaspora Investment Fund

Filed under: Remittances — emeka at 11:42 am on Wednesday, March 12, 2008

From the Vanguard:

PHB Asset Management Limited, a subsidiary of Bank PHB Plc has been selected to manage a $200 million (N24 billion) Diaspora Investment Fund (DIF) set up by the Nigerians in Diaspora Organisation, Europe (NIDOE)…the Diaspora Investment Fund is an innovative 200 Million US Dollar investment vehicle…that engenders the dual goal of achieving capital growth for the individual investor while facilitating Nigeria’s economic growth

via Timbuktu Chronicles

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