Group CEO of United Capital Plc, Peter Ashade,
United Capital Plc, a leading Pan-African financial and investment services group, has deepened its footprint in West Africa with the official launch of its new subsidiary — United Capital Asset Management West Africa Limited (UCAMWAL) — and the unveiling of two CFA franc-denominated mutual funds in Abidjan, Côte d’Ivoire.
The two new products — UCAMWAL Bond Fund and UCAMWAL Diversified Fund — mark the firm’s first offering in the Francophone West African market and are tailored to meet the diverse needs of investors across the West African Economic and Monetary Union (WAEMU) region, which includes Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.
The launch is part of United Capital’s broader Pan-African expansion strategy aimed at delivering innovative, accessible, and locally relevant financial solutions to individual and institutional investors.
Local Currency Funds for Regional Investors
The UCAMWAL Bond Fund is a low-risk, open-ended mutual fund that focuses on fixed-income and money market instruments. It is designed for capital preservation and long-term wealth creation.
The UCAMWAL Diversified Fund, on the other hand, offers moderate risk exposure through a combination of fixed income, equities, and money market assets. The fund targets investors seeking a balance between income and growth.
Both funds are denominated in CFA francs and approved by the Financial Markets Authority of WAEMU (AMF-UMOA).
Strengthening Regional Economic Inclusion
Speaking at the launch event, Group CEO of United Capital Plc, Peter Ashade, said the new products represent more than market entry — they signal a commitment to financial empowerment across Africa.
“This product launch signals the beginning of our expansion across the WAEMU region. Our mission is to drive financial inclusion and support Africa’s economic resilience — for Africa, by Africans. We are introducing proven investment solutions to new markets to fuel cross-border investment and sustainable prosperity.”
Ejikeme Okoli, United Capital’s Director of Africa Operations and Non-Executive Director at UCAMWAL, emphasized the collaborative nature of the expansion.
“This is not just a footprint; it’s a long-term partnership. Our approach is to build shared value with local economies by tailoring financial solutions that manage risk effectively and promote inclusive growth.”
Also commenting on the launch, Labas Bamba, Managing Director of UCAMWAL, noted the company’s commitment to developing region-specific solutions.
“Every investor’s journey is unique. Our mutual funds reflect global investment principles while addressing the specific financial needs of Francophone West Africans. We are redefining asset management in the region.”
A Strategic Milestone for United Capital
UCAMWAL’s launch is seen as a critical milestone for United Capital, which became the first investment bank listed on the Nigerian Exchange in 2013. The group currently manages assets worth nearly ₦2 trillion and oversees over $500 million in mutual fund investments in Nigeria.
With the WAEMU region actively exploring ways to deepen its capital markets and attract domestic and institutional capital, the introduction of regionally focused mutual funds is expected to enhance financial participation and investment depth.
Licensed by AMF-UMOA, UCAMWAL will provide a broad range of services including portfolio management, financial advisory, and mutual fund offerings tailored to the region’s economic dynamics.
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