United Capital: Abidjan Office & Pan-Africa Expansion
- Nigeria's United Capital Group, a leading investment banking and financial services institution, has broadened its Pan-African presence by launching United Capital Asset management West Africa Limited in Abidjan,...
- The license allows the group to offer investment management services, including portfolio management, mutual funds, and financial advisory services, in Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger,...
- The launch event in Abidjan drew dignitaries and industry leaders, including Dr.emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), Ibrahim Magassa, Chairman of Algest Consulting, and...
United Capital Group plants its flag in West Africa,launching United Capital Asset Management West Africa Limited in Abidjan. This strategic move makes them the first Nigerian investment management firm licensed by the AMF-UMOA, signaling a major expansion of financial services across the WAEMU region.Wiht a keen focus on portfolio management and financial advisory services, United Capital aims to deliver tailored solutions to Benin, burkina faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. Tony O.Elumelu champions this expansion, praising it as a historic step toward african excellence. From Abidjan, United Capital is set to replicate its success. Stay updated with news like this by visiting News Directory 3. Discover what’s next for their aspiring Pan-African vision.
United Capital Expands Investment Management Role in West Africa
Updated May 31, 2025
Nigeria’s United Capital Group, a leading investment banking and financial services institution, has broadened its Pan-African presence by launching United Capital Asset management West Africa Limited in Abidjan, Côte d’Ivoire. This move marks United Capital as the first Nigerian investment management group licensed by the financial Markets Authority of the West African Economic & monetary Union (AMF-UMOA).
The license allows the group to offer investment management services, including portfolio management, mutual funds, and financial advisory services, in Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. With its regional headquarters in Abidjan, United Capital aims to provide tailored financial services to the region’s economic needs.
The launch event in Abidjan drew dignitaries and industry leaders, including Dr.emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), Ibrahim Magassa, Chairman of Algest Consulting, and Yvon Sana Bangui, Governor of the Bank of Central African States.
Tony O. Elumelu, Chairman of Heirs Holdings Group, hailed the expansion as “history in the making,” emphasizing the group’s dedication to African excellence. He anticipates United Capital Asset Management West Africa will accelerate economic progress and job creation.
the board and management team for the new venture include:
- Peter Ashade – Board Chairman
- Sunny Anene – Non-executive Director
- sarata Kone Thiam – Non-executive director
- Mamadou Traoré – Self-reliant Board Director
- Ejikeme Okoli – Director of African Operations
- Labas Bamba – Chief Executive Officer
Bamba said United Capital Group’s decision to locate its subsidiary in Côte d’Ivoire reflects the strength of the Ivorian economy and its strategic position within the WAEMU region. He added that Abidjan provides an ideal base to replicate their Nigerian success across Francophone west Africa.
Peter Ashade, Group Chief Executive Officer of United Capital Plc, said the expansion is about making an impact by collaborating with local economies and governments to build a more prosperous Africa. He emphasized the vision of generational wealth creation and sustainable development.
What’s next
United Capital Asset Management West Africa Limited (UCAMWAL) seeks to become a key investment partner in Francophone West Africa, fostering regional integration and shaping the future of finance in Africa. The company’s expansion underscores United Capital’s role as a Pan-African powerhouse, driving investment flows and innovation.