The pan-African financial services group United Capital reached a new milestone in its regional expansion strategy on Monday, June 16 in Abidjan. Through its subsidiary United Capital Asset Management West Africa Limited (UCAMWAL), the group officially launched two new investment funds approved by the Financial Markets Authority of the West African Economic and Monetary Union (AMF UMOA), during a ceremony held in Abidjan.
This launch follows the recent opening, on May 29, of United Capital’s regional office in Abidjan. United Capital is a member of the Nigerian conglomerate Heirs Holdings, founded by entrepreneur Tony Elumelu.
The bond fund is mainly aimed at institutional investors looking for higher returns than term deposits, with strong capital protection. With a recommended investment duration of 3 to 5 years, it is structured around a portfolio of sovereign or rated corporate bonds, with an exposure rate ranging from 70% to 100% on these securities. Côte d’Ivoire, with a high rating, is prominently featured in the fund’s composition.
Accessible from 100,000 FCFA, this fund aims to raise 15 billion FCFA and guarantees liquidity within 48 hours. A five-year modeling shows a potential net gain of 6 billion FCFA, which is 2.3 billion FCFA more than a traditional 6% term deposit. The second product, a diversified fund, targets a wider clientele: high-income individuals, SMEs, and family businesses. It offers capital appreciation in the medium and long term through a balanced strategic allocation: 50% in bonds, 40% in stocks (especially in telecoms and financial services), and 10% in cash.
In addition to the event, UCAMWAL formalized a strategic partnership with UBA, BOA Capital, and Deloitte Côte d’Ivoire. This protocol aims to ensure a wide distribution of the funds to institutional and individual investors, leveraging strong banking networks and recognized expertise.
