Ashanti Kingdom Investment Trust signs an exclusive partnership with NEVICOTT-CL Financial Limited for USD 4.7 Billion Note
Potomac International Partners Inc., files FARA application with U.S. Department of Justice serving as advisor for the new Ashanti Kingdom Investment Trust-NEVICOTT-CL Financial Limited Sovereign Wealth Fund based in the United States with an estimated USD 478 Billion in combined assets.
WASHINGTON, Dec. 17, 2019 /PRNewswire-PRWeb/ -- Under the executed USD 400,000 tripartite contract, Aaron T. Manaigo, a Senior Partner in Potomac International Partners Inc. will serve as the principal consultant to work with the U.S. President Donald Trump's administration on behalf of the Ashanti Kingdom Investment Trust-NEVICOTT-CL Financial Limited Sovereign Wealth Fund to access USD 60 Billion in allocated resources under the Better Utilization of Investments Leading to Development (BUILD) Act. The 2018 BUILD Act was designed to implement U.S. foreign policy to strengthen American investment, trade, and economic development in the African diaspora.
"We look forward to investing with the U.S. Government, Wall Street, HBCUs (Historically Black Colleges and Universities), and Silicon Valley, which will serve as international partners for local content development and economic diversification in the African Diaspora, while simultaneously creating American entrepreneur growth in Opportunity Zones." - Michael John, Chairman and Exclusive Co-Fund Manager with Royal Prince Oheneba Yaw Otchere of the Ashanti Kingdom Investment Trust-NEVICOTT-CL Financial Limited Sovereign Wealth Fund.
About Ashanti Kingdom Investment Trust-NEVICOTT-CL Financial Limited Sovereign Wealth Fund:
CL Financial Limited ("CLF") is the largest privately held conglomerate in Trinidad and Tobago and the largest indigenous corporation in the Caribbean, before entering into a Government of the Republic of Trinidad and Tobago ("GORTT") USD 4.7 Billion bailout in 2009 resulting in a 2017 GORTT liquidation. Colonial Life Insurance Company (CLICO) was founded as an insurance company in 1936 and expanded into CLF in 1993, encompassing over 65 companies in 32 countries worldwide with PWC audited total assets exceeding USD 18 Billion and annual profits of USD 1 Billion. NEVICOTT Limited is the new Trinidad and Tobago Supreme Court-appointed Grant Thornton LLP liquidator approved shareholder (November 20, 2018) of CL Financial Limited raising USD 4.7 Billion to restructure CLF and terminate the liquidation. Ashanti Kingdom Investment Trust serves as the investment arm of the Ashanti Kingdom, the longest-serving Monarchy in Africa. Ashanti Kingdom thrives as a constitutionally protected, sub-national proto-state and traditional state in the union with the Republic of Ghana with natural resources of Gold, Oil, Natural Gas, and Bauxite totaling an asset value of over USD 460 Billion.
About Potomac International Partners Inc.:
Potomac offers clients strategic counsel, integrated programs, and campaign management through three main practice areas: Government Relations, Advocacy Communications, and International Consulting. Potomac is based in Washington, D.C., with offices in New York, Silicon Valley, and affiliates in Latin America, Asia, and EMEA.
Media Contact:
Aaron T. Manaigo | Senior Partner, Potomac International Partners Inc. |
(E) [email protected] | (M) +1.202.243.8201
Michael John | Chairman and Exclusive Co-Fund Manager Ashanti Kingdom Investment Trust-NEVICOTT-CL Financial Limited Sovereign Wealth Fund | (E) [email protected] |
(M) +1.786.657.5488
SOURCE Ashanti Kingdom Investment Trust-NEVICOTT-CL
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