• Ucamwal plans three new funds in Côte d’Ivoire, including Halal and women-focused options

• Two mutual funds—Ucamwal Diversified and Ucamwal Bond—already launched

• Projects target diverse investors and align with regional economic priorities

United Capital Asset Management West Africa (Ucamwal), the Ivorian subsidiary of Nigerian financial group United Capital, is developing three new investment funds in Côte d’Ivoire, the company announced on Monday, June 16, 2025.

The first initiative involves launching a Halal investment fund in line with Islamic finance principles, which prohibit interest and exclude sectors such as alcohol and gambling. The second fund is dedicated to supporting the economic empowerment of female entrepreneurs. The third project focuses on sector-specific investments, with a priority given to healthcare, aligning with national economic priorities. These projects aim to expand Côte d’Ivoire’s investment landscape and attract a broader range of investors, including practicing Muslims and women-led SMEs.

While these projects are being finalized, Ucamwal has already launched two mutual funds in Abidjan, Ucamwal Diversified and Ucamwal Bond issues. Both products are approved by the Financial Markets Authority of the West African Economic and Monetary Union (AMF-UMOA) and are currently open to subscriptions. They offer investment solutions designed for individuals and institutions seeking secure, liquid, and profitable options amid regional economic uncertainty.

Labas Bamba, Managing Director of Ucamwal, stated that these funds are tailored to meet investor needs in a volatile economic environment. During the launch event, Ucamwal signed distribution agreements with UBA, BOA Capital, and Deloitte Côte d’Ivoire.

United Capital’s Ivorian subsidiary was officially launched on May 29, 2025, marking the beginning of the group’s expansion within the West African Economic and Monetary Union (WAEMU).