Diaspora Investment Fund

The Vanguard reports on a recent diaspora initiative:

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 Africa-Investor