United Capital Expands Reach Into 8 WAEMU Member Countries

United Capital Plc has expanded its footprint into Francophone West Africa with the launch of United Capital Asset Management West Africa Limited (UCAMWAL) in Abidjan, Côte d’Ivoire.

The company has obtained a license from the Financial Markets Authority of the West African Economic and Monetary Union (AMF-UMOA) to operate an asset management business across the WAEMU region, comprising eight member countries: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.

This strategic move marks a significant milestone in United Capital’s pan-African growth journey, enabling the company to offer portfolio management, mutual fund, and financial advisory services to individuals and institutions across the region.

With the official headquarters in Abidjan, Côte d’Ivoire, the new subsidiary will offer portfolio management, mutual funds, and financial advisory services in the eight member countries.

With this expansion, United Capital said it aims to tap into the growing investment demand in the WAEMU region, leveraging its expertise and robust systems to deliver excellence and drive inclusive economic growth.

The chairman of United Capital, Prof. 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.”

He noted that, “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.”

The group chief executive officer, United Capital, Peter Ashade stated that, “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.”

He added that “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.”

United Capital, listed on the Nigerian Exchange on the January 17 2013, is setting the pace to become the financial and investment role model across Africa, by deploying innovation, technology, and specialist skills to exceed client expectations, while creating more value for all stakeholders.