United Capital Sets Sights on West African Investment Boom
United Capital Plc is taking bold steps to deepen its footprint in West Africa’s investment market with the launch of its new subsidiary — United Capital Asset Management West Africa Limited (UCAMWAL).
Launch Date: June 2025
Current Offerings: 2 CFA franc-denominated mutual funds already available in 8 WAEMU countries — Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.
2025 Target: Roll out at least 5 mutual funds before year-end, tapping into the region’s growing appetite for diversified investment products.
CEO’s Statement: Group CEO Peter Ashade expressed confidence that UCAMWAL will turn profitable within 6–12 months, highlighting United Capital’s track record of rapidly making new ventures successful.
Beyond West Africa: The company’s ambitions extend to the entire African continent, with eyes also on global opportunities.
Financial Strength Driving Expansion:
• Q2 2025 PBT: ₦7.06bn (+42.24% YoY)
• H1 2025 PBT: ₦13.79bn (+52% YoY from ₦9.1bn in H1 2024)
• Q2 Gross Earnings: ₦10.63bn (+18.33% YoY)
• H1 Gross Earnings: ₦23.76bn — already surpassing half of 2024’s full-year total.
Ashade credited this stellar performance to disciplined financial management, consistent growth execution, and strong investor confidence, noting these will power the Group’s regional expansion and product innovations.
Big Picture: United Capital is not just chasing growth — it’s building a regional investment powerhouse with the capacity to influence the entire West African financial ecosystem.
United Capital Plc is taking bold steps to deepen its footprint in West Africa’s investment market with the launch of its new subsidiary — United Capital Asset Management West Africa Limited (UCAMWAL).
Launch Date: June 2025
Current Offerings: 2 CFA franc-denominated mutual funds already available in 8 WAEMU countries — Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.
2025 Target: Roll out at least 5 mutual funds before year-end, tapping into the region’s growing appetite for diversified investment products.
CEO’s Statement: Group CEO Peter Ashade expressed confidence that UCAMWAL will turn profitable within 6–12 months, highlighting United Capital’s track record of rapidly making new ventures successful.
Beyond West Africa: The company’s ambitions extend to the entire African continent, with eyes also on global opportunities.
Financial Strength Driving Expansion:
• Q2 2025 PBT: ₦7.06bn (+42.24% YoY)
• H1 2025 PBT: ₦13.79bn (+52% YoY from ₦9.1bn in H1 2024)
• Q2 Gross Earnings: ₦10.63bn (+18.33% YoY)
• H1 Gross Earnings: ₦23.76bn — already surpassing half of 2024’s full-year total.
Ashade credited this stellar performance to disciplined financial management, consistent growth execution, and strong investor confidence, noting these will power the Group’s regional expansion and product innovations.
Big Picture: United Capital is not just chasing growth — it’s building a regional investment powerhouse with the capacity to influence the entire West African financial ecosystem.