AfricaResource The Place for Africa on the Net

New York, NY - June 15, 2010

Nile Capital Management, LLC, announced the availability of the Nile Pan Africa Fund (NAFAX) on four major brokerage platforms today. We believe that the Nile Pan Africa Fund is the only actively managed mutual fund available to US investors focusing exclusively on investment opportunitie! s in Africa and covering the entire continent. The fund has been added to the Charles Schwab, Fidelity, Pershing and Scottrade platforms. It is also available on the Sterne Agee platform.

New York, NY – April 29, 2010

Nile Capital Management, LLC, announced the launch of the Nile Pan Africa Fund, an actively managed mutual fund to focus exclusively on the continent of Africa.  The Fund seeks to capitalize on the investment opportunities in the growing but under-researched and under-invested African markets and enhance investors’ overall exposure to emerging markets.

The new trade pacts are controversial and have been the focus of a campaign of criticism by NGOs and anti-poverty activists. But yesterday's rejection by African leaders on the final day of a three-day summit in Lisbon means that the EU could be put in the embarrassing position of imposing higher tariffs on African exports from the new year, further enraging the Africans. "No one will make us believe we don't have the right to protect our economic fabric," said the African Union commission president, Alpha Oumar Konaré. He accused the EU of playing divide and rule in Africa.