Nile Capital Management Launches Pan Africa Mutual Fund

April 29, 2010 ( - Nile Capital Management, LLC, has 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. It is available in the following share classes — A class load (NAFIX), C class no-load (NAFCX), and I class institutional (NAFAX) shares.

According to the announcement, the investment objective of the fund is to provide long-term capital appreciation by investing in stocks of African-based companies. It diversifies broadly among the most attractive countries in Africa, identified through top-down macroeconomic analysis of Africa’s 53 countries.

Larry Seruma, Chief Investment Officer and Managing Principal of Nile Capital Management will manage the fund.

More information is at