Ivorian Firm Unveils New Investment Funds
Ucamwal Expands Financial Offerings with Halal and Women-Focused Funds
In Côte d’Ivoire, a financial firm is broadening its investment options. United Capital Asset Management West Africa (Ucamwal), a subsidiary of United Capital, is studying new investment fund projects while simultaneously launching existing products to diversify investment opportunities in the region.
New Funds in Development
Ucamwal, the Ivorian arm of the Nigerian asset management group United Capital, is currently assessing three prospective investment funds in Côte d’Ivoire. The company’s announcement occurred on June 16, 2025. One project focuses on a halal investment fund, adhering to Islamic financial principles, such as the prohibition of interest and excluding certain sectors. Another fund aims to support women entrepreneurs. Additionally, there’s a focus on sectoral funds, notably in the health sector, to align with regional economic priorities. These projects intend to diversify investment options in Côte d’Ivoire, appealing to various investor profiles, including practicing Muslims and women-led small and medium-sized enterprises.
“The two funds are designed to meet the needs of investors looking for secure, liquid and profitable investments, in a regional economic context marked by strong uncertainty.”
—Labas Bamba, Managing Director of Ucamwal
According to the World Bank, women-owned businesses in Sub-Saharan Africa face significant financing gaps, highlighting the importance of initiatives like the one Ucamwal is planning (World Bank 2023).
Launched Funds
While awaiting the finalization of these projects, Ucamwal has launched two common investment funds in Abidjan: Diversified Ucamwal and Ucamwal Bond. These savings products have received approval from the West African Economic and Monetary Union (AMF-UMOA). Investors seeking to diversify their investments can now subscribe to these funds. The company has established partnerships with UBA, Boa Capital, and Deloitte Côte d’Ivoire for distributing these products to investors.
The launch of this subsidiary of United Capital on May 29, 2025, signaled the start of the Nigerian group’s regional expansion within the West African Economic and Monetary Union (UEMOA).