Nigeria’s United Capital Plc has expanded its footprint into Francophone West Africa with the launch of United Capital Asset Management West Africa Ltd. (UCAMWAL), introducing two CFA franc-denominated mutual funds in Abidjan, Côte d’Ivoire.
The two new funds, the UCAMWAL Bond Fund and the UCAMWAL Diversified Fund, target individual and institutional investors across the eight-member West African Economic and Monetary Union (WAEMU) bloc. Both products are approved by the region’s Financial Markets Authority (AMF-UMOA).
“This product launch signals the kick-off of the expansion of our pan-African footprint,” said Peter Ashade, Group CEO of United Capital. “We are bringing our proven investment expertise into this market to support cross-border investment and Africa-driven prosperity.”
