United Capital Plc, a prominent financial services group, has embarked on a significant expansion into Francophone West Africa with the establishment of United Capital Asset Management West Africa Limited (UCAMWAL) in Abidjan, Côte d’Ivoire. This strategic move marks the company’s first licensed and operational presence in the region, solidifying its commitment to a pan-African growth trajectory. UCAMWAL’s establishment, licensed by the Financial Markets Authority of the West African Economic and Monetary Union (WAEMU), grants access to a market encompassing eight member countries: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. This expansion positions United Capital to capitalize on the region’s burgeoning investment opportunities and contribute to its economic development.
The launch of UCAMWAL signifies more than just a geographical expansion; it represents a pivotal step in United Capital’s ambition to become a leading pan-African financial institution. By choosing Côte d’Ivoire as its entry point, the company leverages the country’s dynamic economy and progressive financial landscape as a springboard for broader regional penetration. This strategic positioning allows United Capital to tap into a diverse market, providing a range of investment services tailored to the specific needs of Francophone West Africa. UCAMWAL’s service portfolio encompasses portfolio management, mutual funds, and financial advisory, catering to both institutional and individual investors seeking to navigate the region’s evolving financial landscape.
United Capital’s leadership views the establishment of UCAMWAL as a testament to their belief in Africa’s economic potential and a reflection of their long-term vision. Chika Mordi, Board Chairman of United Capital Group, emphasized the significance of this expansion, highlighting Côte d’Ivoire’s strategic importance as a gateway to Francophone West Africa. This expansion aligns with the company’s broader goal of building a robust presence across the continent, fostering financial inclusion, and contributing to sustainable economic growth.
Peter Ashade, Group Chief Executive Officer of United Capital, further underscored the company’s commitment to creating a lasting impact on the continent. He emphasizes that the expansion transcends mere physical presence, extending to building a deep understanding of the region’s unique dynamics and tailoring solutions to meet its specific financial needs. This approach underscores United Capital’s dedication to responsible investment and its commitment to fostering sustainable economic development within the WAEMU region. The focus is not just on maximizing returns but also on contributing to broader economic progress and empowerment.
To ensure the success and sustainability of this venture, United Capital plans to invest significantly in human capital, advanced systems, and cutting-edge technology. This investment reflects the company’s commitment to delivering world-class financial services and building a resilient and adaptable operation capable of navigating the complexities of the regional market. By investing in its people, technology, and operational infrastructure, United Capital aims to establish a robust foundation for long-term success and contribute meaningfully to the region’s financial ecosystem.
UCAMWAL’s strategic expansion into Francophone West Africa presents a unique opportunity for investors seeking to diversify their portfolios and tap into the region’s growth potential. United Capital’s established expertise in investment management, coupled with its deep understanding of the African market, positions it to provide tailored solutions that safeguard investor wealth and drive inclusive growth across the WAEMU region. The company’s commitment to building a lasting impact on the continent underscores its long-term vision and reinforces its position as a key player in Africa’s evolving financial landscape.
