United Capital Plc has officially launched two new mutual funds under its West African subsidiary, United Capital Asset Management West Africa Limited (UCAMWAL) — marking a major step in its Pan-African expansion strategy.

At a launch event held in Abidjan, Côte d’Ivoire, United Capital introduced the UCAMWAL Bond Fund and the UCAMWAL Diversified Fund, both denominated in CFA francs and approved by the Financial Markets Authority of the West African Economic & Monetary Union (AMF-UMOA).

These funds are now available to investors across the eight WAEMU countries: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.

Investment Options for Every Goal

UCAMWAL Bond Fund is a low-risk fund that invests in fixed-income and money market instruments, ideal for conservative investors who want capital preservation and steady returns.

UCAMWAL Diversified Fund offers a balanced portfolio, investing across bonds, money markets, and equities. It's perfect for investors looking to grow their wealth over time while managing risk.

Why This Matters

Group CEO, Peter Ashade, said the new funds reflect United Capital’s mission to make wealth management more accessible across Africa, especially in underserved markets.

“This launch is the start of something big – we’re creating a legacy of financial empowerment, economic growth, and inclusive prosperity across Africa,” Ashade said.

Director of Africa Operations, Ejikeme Okoli, emphasized that this expansion is not just about growth, but impact.

“We’re not here to exploit — we’re here to collaborate. Our approach is locally informed, investor-focused, and growth-driven.”

Backed by a Strong Track Record

With nearly ₦2 trillion in assets under management and over $500 million in mutual funds in Nigeria, United Capital is bringing deep experience to the Francophone West African market.

Managing Director of UCAMWAL, Labas Bamba, highlighted the importance of this launch for the region.

“This comes at a critical time. Governments and businesses in the WAEMU region are seeking new ways to grow local savings and invest in the economy. Our funds provide professionally managed alternatives to traditional savings tools.”

What’s Next?

UCAMWAL will offer services such as:

Portfolio Management

Mutual Funds

Financial Advisory

And with its headquarters in Abidjan, Côte d’Ivoire, the new subsidiary is now fully licensed to operate across the entire WAEMU region.