United Capital Group, Nigeria’s leading investment banking and financial companies institution, has taken a primary step in its Pan-African expansion, with the reliable inaugurate of its West Africa office, United Capital Asset Management West Africa Restricted, in Abidjan, Côte d’Ivoire.
This expansion marks a primary milestone for the Group as United Capital is the principle Nigerian investment management community to be licensed by the Financial Markets Authority of the West African Financial & Monetary Union (AMF-UMOA). The community now has license to conduct investment management companies (portfolio management, mutual funds, financial advisory) in Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. With Abidjan as its regional headquarters, United Capital is strategically positioned to raise world-class financial companies tailored to the place’s dynamic financial landscape.
The inaugurate ceremony, held at the new regional office in Abidjan, became a landmark event, attracting top dignitaries, industry leaders, and prominent figures from across the continent. Amongst the critical company had been Dr. Emomotimi Agama, the Director-Frequent of the Securities and Trade Price (SEC), Ibrahim Magassa, French-Ivorian Banker and Chairman of Algest Consulting, Yvon Sana Bangui, Governor of the Bank of Central African States, amongst others.
The Particular Customer of Honour, Tony O. Elumelu, CFR, Chairman of Heirs Holdings Group, in his goodwill message, praised the milestone as a “history in the making” emphasizing the Group’s consistency in championing African excellence, leveraging African assets, and building ecosystems that empower Africans. “We look forward to United Capital Asset Management West Africa pacing up and catalyzing economic development, prosperity, and job creation for Africans. ” He stated.
The event served as a possibility to introduce the board and management team of the new business:
- Peter Ashade – Board Chairman
- Sunny Anene – Non-executive Director
- Sarata Kone Thiam – Non-executive Director
- M.Mamadou Traoré – Independent Board Director
- Ejikeme Okoli – Director of African Operations
- Labas Bamba – Chief Executive Officer
Speaking at the inaugurate, Bamba stated: “United Capital Group’s decision to establish its subsidiary in Côte d’Ivoire is not accidental. It testifies to the vitality of the Ivorian economy, its strategic position within the WAEMU region, and a deep belief in the power of African markets and the potential of its people. Abidjan is the ideal base to replicate a proven success model from Nigeria and deliver value across Francophone West Africa. I am humbled to be entrusted with the responsibility of leading this vision.”
Peter Ashade, Group Chief Executive Officer of United Capital Plc, expressed the vision for the new mission:
“This expansion is not just about physical presence; it is about impact. We are here to work with local economies, governments, and partners to build a more prosperous Africa. Our vision is Pan-African, and our mission is generational wealth creation and sustainable development.” He added, “This is the beginning of a legacy. A legacy of wealth transferred, lives enriched, and futures secured. We are here to stay, to deliver, and to write a new chapter in Africa’s financial story of innovation, inclusion, and enduring success.”
With a sturdy track document in Nigeria and solid ambitions for the WAEMU place, United Capital Asset Management West Africa Restricted (UCAMWAL) is poised to alter into the ride-to investment accomplice for individuals, institutions, and governments in Francophone West Africa. This expansion cements United Capital’s feature as a Pan-African powerhouse, devoted to fostering regional integration, driving investment flows, and shaping the system forward for finance in Africa.
