United Capital Plc continues its regional expansion with the launch of United Capital Asset Management West Africa Limited (UCAMWAL), its new subsidiary dedicated to asset management in the West African Economic and Monetary Union (WAEMU). The group plans to deploy at least five mutual funds by the end of 2025.
Already operational in eight countries (Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo), UCAMWAL has launched two funds denominated in CFA francs, accessible to savers in the sub-region.
“We could end this year with no less than five funds. We are confident in the impact of this West African subsidiary,” said Peter Ashade, CEO of the group, during a conference call with investors held on August 6.
Ashade expressed optimism about the new subsidiary’s quick contribution to consolidated results, mentioning a profitability horizon of six to twelve months. When asked about geographical prospects, the leader reaffirmed the group’s ambition to further establish itself on the continent while ultimately aiming for a global presence.
This strategy is in line with United Capital’s activities, which, through its Nigerian subsidiary United Capital Asset Management Limited (UCAML), already manages mutual funds covering various asset classes. These products include equity funds, balanced funds, fixed income funds, money market funds, as well as specialized solutions such as the Sukuk Fund, the Wealth for Women Fund, and the Global Fixed Income Fund.
In May 2025, UCAML expanded its offering with the launch of the Children Investment Fund (CIF), a naira-denominated fund designed to assist families in financial planning for their children’s future needs.
