Economic Cooperation: United Capital Opens Office in Abidjan to Boost Regional Economic Integration

The financial services institution United Capital Asset Management West Africa Limited (UCAMWAL) has officially inaugurated its new headquarters, located in the Cocody-M’badon district of Abidjan. The ceremony took place on May 29, 2025, in the presence of numerous personalities from the financial and economic sectors.

In his speech, United Capital’s Group CEO, Mr. Ashade Peter Oladele, expressed his satisfaction with the successful completion of this strategic project. “Present in several sub-Saharan African countries, our institution is fully committed to the continent’s economic development by offering innovative financial solutions tailored to the needs of businesses, public institutions, and individuals. The opening of this Abidjan office is a concrete illustration of that commitment,” he emphasized.

Mr. Ashade highlighted the strategic significance of this expansion, which he views as a key milestone in transforming Africa’s economic landscape. “This is not just a physical establishment — it reflects a firm intention to positively impact local economies. Through strong partnerships with governments and private sector players, we aim to build a prosperous Africa based on the creation of sustainable and transgenerational wealth,” he added.

He also acknowledged the continuous support of Ivorian authorities, which he described as crucial to the success of the project. Mr. Ashade expressed hope for strengthened cooperation between Côte d’Ivoire and Nigeria, paving the way for a more promising shared economic future.

Taking the floor in turn, the Managing Director of the Ivorian subsidiary, Mr. Labas Bamba, emphasized Côte d’Ivoire’s strategic potential within the WAEMU region. “The decision to set up this branch in Abidjan is no coincidence. With its vibrant economy and political stability, Côte d’Ivoire offers the ideal platform to replicate United Capital’s proven success model from Nigeria. I am honored to carry this vision forward in Francophone Africa,” he declared.

The inauguration of this new headquarters thus marks a major step in promoting financial inclusion and regional economic cooperation, reinforcing the synergy between the two main powers of West Africa one Anglophone, the other Francophone.