United Capital Plc has announced the official launch of two CFA franc-denominated mutual funds through its newly established subsidiary, United Capital Asset Management West Africa Limited (UCAMWAL), headquartered in Abidjan, Côte d’Ivoire.
The two funds, which are UCAMWAL Bond Fund and UCAMWAL Diversified Fund, have been approved by the Financial Markets Authority of the West African Economic and Monetary Union (AMF-UMOA) and are now open to investors across the eight WAEMU member states: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.
According to the Group, the UCAMWAL Bond Fund is designed as a low-risk, open-ended vehicle that invests in fixed-income and money market instruments.
In contrast, the UCAMWAL Diversified Fund adopts a moderate risk strategy, blending fixed income, money market assets and equities to support balanced growth and income diversification.
Commenting on the launch, Group Chief Executive Officer of United Capital Plc, Mr. Peter Ashade, said the development represents a major milestone in the Group’s pan-African expansion agenda.
“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,” Ashade said.
He added that the funds would support cross-border investment flows and enhance financial empowerment across the region.
Also speaking at the launch, Mr. Ejikeme Okoli, Director of Africa Operations at United Capital Plc and Non-Executive Director at UCAMWAL, emphasised the Group’s long-term regional strategy.
“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,” Okoli stated.
Managing Director of UCAMWAL, Mr. Labas Bamba, also spoke on the role of the local market in product design.
“These funds are tailored to meet the distinct needs of our investors, blending global standards with local market insight,” Bamba said. “We recognize that every investor’s journey is unique, which is why our solutions are built to support diverse goals across different life and business stages.”
United Capital currently manages nearly ₦2 trillion in assets and over $500 million in mutual funds in Nigeria.
The introduction of CFA-denominated funds is aimed at mobilizing domestic savings across WAEMU and converting them into productive investments, aligning with regional development goals.
With the successful rollout of its first licensed subsidiary in Francophone West Africa, United Capital has reinforced its position as a pan-African financial institution delivering bespoke asset management solutions to both retail and institutional investors across the continent.
