United Capital has launched United Capital Asset Management West Africa Limited (UCAMWAL) in Abidjan, Côte d’Ivoire, marking a strategic expansion across Africa.
The new subsidiary has received a licence from the Financial Markets Authority of the West African Economic & Monetary Union (AMF-UMOA). This approval allows the company to operate asset management services throughout the WAEMU region.
UCAMWAL will provide portfolio management, mutual funds, and financial advisory services across eight member countries, including Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. The headquarters of UCAMWAL will be based in Abidjan, Côte d’Ivoire.
United Capital Group board chairman Chika Mordi said: “The launch of UCAMWAL is a pivotal step in our pan-African growth journey and a reflection of our deep conviction in the strength and potential of Africa.
“While we have taken steps to expand our regional presence over the years, this marks our first major move, establishing a physical office and regional headquarters outside Nigeria.
“Côte d’Ivoire stands out as a dynamic economy with a progressive financial landscape, making it the ideal gateway to expand our footprint across Francophone West Africa.
“By bringing our proven investment expertise into this market, we are not just scaling our business, we are enabling greater regional integration, facilitating cross-border investment, and contributing to Africa-driven prosperity.”
United Capital Group CEO Peter Ashade said: “This expansion goes beyond establishing a physical footprint, it is about creating a lasting impact.
“Our ambition has always been to build a truly Pan-African financial institution that understands and serves the continent. Hence, we are committed to partnering with local economies, governments, and institutions to unlock long-term prosperity across member countries in the WAEMU region.
“As we build, we will invest in people, processes, and technology, ensuring we have the right talent, robust systems, and cutting-edge tools to drive performance and deliver excellence across borders.
“We are also focused on delivering tailored financial solutions that respond to the evolving needs of investors, backed by a strong corporate governance.
“Our mission remains clear: to deliver enduring value, safeguard investor wealth, and drive inclusive growth across West African Economic and Monetary Union.”
