L-R: Labas Bamba, CEO, United Capital Asset Management West Africa; Chika Mordi, Chairman, United Capital Plc; Tony O. Elumelu, CFR, Group Chairman, Heirs Holdings; Peter Ashade, Group CEO, United Capital Plc; Ejikeme Okoli, Director, Africa Operations, United Capital Plc; at the launch of United Capital Asset Management West Africa Limited, recently.
By Chukwuma Umeorah
United Capital Asset Management West Africa Limited (UCAMWAL), a newly established subsidiary of United Capital Plc, has launched two mutual funds targeted at investors across the West African Economic and Monetary Union (WAEMU) region.
The funds; UCAMWAL Bond Fund and UCAMWAL Diversified Fund are both denominated in CFA francs and designed to offer investment solutions that cater to varying risk appetites within the eight WAEMU member countries: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.
The launch marks the formal commencement of operations for UCAMWAL, which is headquartered in Abidjan, Côte d’Ivoire, and licensed to operate as a portfolio management company within the region.
Speaking on the launch, Group Chief Executive Officer of United Capital Plc, Peter Ashade, described it as a pivotal step in the company’s regional expansion drive. “This product launch signals the kick-off of the expansion of our pan-African footprint, starting with the WAEMU region. As a group, our mission is to shape a more financially inclusive and economically resilient Africa, for Africa by Africans. We are here to make a difference, and we are bringing our proven investment expertise into this market to support cross-border investment and Africa-driven prosperity. “This is the beginning of a legacy for wealth creation, financial empowerment, and a new chapter in Africa’s story of innovation and enduring success.”
Director of Africa Operations at United Capital Plc, Ejikeme Okoli, emphasized the company’s long-term goals in the region, saying, “Our expansion into WAEMU is about more than presence; it’s about impact. We’re building a truly Pan-African financial institution that partners with local economies to unlock long-term prosperity. Our strategy is not exploitative but collaborative and will harness local insights to create shared value. We aim to deliver tailored financial solutions, manage risk effectively, and drive inclusive growth across the region. I invite investors to join us on this journey of growth and empowerment as we stay true to our promise of driving progress, delivering value, and powering economic improvement across Africa.”
Managing Director of UCAMWAL, Labas Bamba, explained that the fund offerings are designed with local needs in mind. “Today marks a step in our mission to reshape asset and wealth management in Francophone West Africa. These funds are tailored to meet the distinct needs of our investors, blending global standards with local market insight. We recognise that every investor’s journey is unique, which is why our solutions are built to support diverse goals across different life and business stages.”
The UCAMWAL Bond Fund is a low-risk, open-ended fund focused on fixed-income and money market instruments. In contrast, the UCAMWAL Diversified Fund adopts a balanced investment approach through strategic asset allocation across multiple classes to manage risk while seeking long-term returns. United Capital Plc, the parent company, manages nearly N2 trillion in assets and over $500 million in mutual fund investments in Nigeria.
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