The Bitcoin sub-fund was incorporated as a Bermuda exempted company and is registered as a segregated account company receiving funds at Citibank London.

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In a recent report, " The Implications of the Global Financial Crisis for Low-Income Countries, " the Fund singled out sub-Saharan Africa as particularly vulnerable to the crisis, as lower global growth reduces export demand and depresses commodity prices.

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Spencer Bachus, a Republican congressman who leads the congressional sub-committee that oversees the fund, smelt a political rat and quickly began to investigate.

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The firm recently announced it would start raising a sub-Saharan Africa private-equity fund.

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Goldman is accused of misleading investors because it allegedly didn't let investors know that a hedge fund which was betting that sub-prime mortgages would fall in value was helping to pick the securities that made up the portfolio.

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According to the United Nations Children's Fund (Unicef), around 40m children in sub-Saharan Africa get no basic teaching.

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The fund is co-managed by Hugh Simon of Dreyfus sub-advisors Hamon US Investment Advisors in Hong Kong.

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Much of the fund is destined to be directed to AIDS relief endeavors in sub-Saharan Africa, where millions have been infected by HIV and AIDS. Some of the money would also be applied to efforts to eradicate malaria and tuberculosis.

CNN: Obasanjo