United Capital Plc has announced the commencement of operations for its new subsidiary, United Capital Asset Management West Africa Limited (UCAMWAL), with the launch of two mutual funds targeted at investors across Francophone West Africa.

The two funds—the UCAMWAL Bond Fund and the UCAMWAL Diversified Fund—were introduced during a launch event held in Abidjan.

Both are CFA franc-denominated and approved by the Financial Markets Authority of the West African Economic and Monetary Union (AMF-UMOA).

They are now open for subscription to investors across WAEMU’s eight member countries: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.

The UCAMWAL Bond Fund is focused on low-risk fixed income and money market instruments. The UCAMWAL Diversified Fund offers a mix of equities, bonds, and money market instruments.

Speaking on the launch, Group Chief Executive Officer of United Capital Plc, Mr. Peter Ashade, stated:
“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.”

Director of Africa Operations at United Capital, Mr. Ejikeme Okoli, said: “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.”

Managing Director of UCAMWAL, Mr. Labas Bamba, added: “Today marks a pivotal 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.”

UCAMWAL has been licensed to operate as a portfolio management company within WAEMU and will provide asset management services including portfolio and mutual fund management and financial advisory. The launch comes as part of efforts to mobilize domestic savings into productive investments and deepen capital markets in the region.

United Capital Plc manages nearly ₦2 trillion in assets and over \$500 million in mutual funds in Nigeria. The firm’s entry into WAEMU is expected to contribute to regional market development and investor access to professionally managed financial products.